UPDATE: Alpha Natural Resources Posts Wider Q2 Loss

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Alpha Natural Resources (NYSE: ANR) posted a wider second-quarter loss.The company posted a quarterly loss of $2.2 billion, or $10.14 per share, versus a year-ago loss of $50 million, or $0.32 per share. Excluding charges and other costs, Alpha Natural Resources posted a loss of $72 million, or $0.33 per share. Its revenue climbed 13% to $1.8 billion. However, analysts were expecting a loss of $0.27 per share on revenue of $1.93 billion. Alpha Natural Resources shares closed at $6.90 yesterday.

27% profit every 20 days?

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