May 19, 2010 3:41 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
The pain for shareholders of RINO International Corporation (NASDAQ: RINO) is continuing today. Shares are down $1.46, or 10.53%, to $12.40.Year-to-date shares of RINO are down an astounding 56.27 percent!!RINO is a Chinese wastewater-treatment and desulphurization company. Fears of tighter Chinese monetary policy and a slowdown in the overall Chinese economy have sent this stock from a high of $35.15 to its current level of $12.40. Share are still up 270 percent from their 52-week low of $4.54, however.On Monday the company reported adjusted earnings of 30 cents per share. Analysts were looking for earnings of 44 cents per share.Revnues rose to $47.9 million, matching analysts' expectations. Profit margins slipped dramatically from 44.8 percent to 34.9 percent due to higher steel costs.A selloff of this magnitude may be unjustified given that the company trades for just 5 times 2011 earnings estimates.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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