August 15, 2012 10:54 AM | 1 min read |
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.
Credit Suisse reduced its rating on Lone Pine Resources (NYSE: LPR) from Outperform to Neutral Credit Suisse commented, "Management has elected to revise down its 2012 capital budget from the previous C$200-220 million to C$160-175 million. A lower level of spending in 2H12 involves a reduction from a two to one rig program with total net wells down from 48 to 32. Net production guidance was accordingly reduced by 8% from 90 mmcfe/d to 82.5 mmcfe/d, at the midpoint. As debt levels rise to somewhat worrying levels, the company is now looking to monetize certain assets within its portfolio to preserve balance sheet integrity."Lone Pine Resources closed at $1.34 on Tuesday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.