UPDATE: SAIC Posts Drop In FQ2 Profit

by Benzinga Staff
August 31, 2012 4:44 AM | 20 seconds read | Make a Comment

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.

SAIC (NYSE: SAI) reported a drop in its fiscal second-quarter profit and announced its plans to split the company into two publicly traded companies. SAIC's quarterly earnings declined to $110 million, or $0.32 per share, versus $178 million, or $0.50 per share, in the year-ago period. Its revenue surged to $2.85 billion from $2.6 billion. SAIC shares jumped 10.08% to $13.00 in the after-hours trading session.

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.

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