September 20, 2012 7:04 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.
The Wet Seal, Inc. (Nasdaq: WTSLA), a leading specialty retailer to youngwomen, today announced that Kathy Bronstein, retail consultant and former CEOof Wet Seal, and John Goodman, most recently Executive Vice President ofApparel and Home at Sears and former CEO of Charlotte Russe, have joined thecompany's Board of Directors, effective immediately. Ms. Bronstein and Mr.Goodman bring extensive retail experience including expertise in fast fashionmerchandising.“We are very pleased to welcome Kathy and John to our Board of Directors,”said Hal Kahn, Chairman of the Board, and Sid Horn, Chairman of the Nominatingand Corporate Governance Committees. “We're excited to have new additions tothe Board who have demonstrated significant success leading companies thatsell to Wet Seal's specific young teen customer demographic. Kathy and John'sinsights will bring great value to the company as we continue to work torevitalize the business and build value for shareholders.”
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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