Wright Express Says Hedged About 60% Exposure Through Q3 2013


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.


Wright Express Corporation (NYSE: WXS), a leading global provider ofvalue-based business payment processing and information management solutions,announced today that it has extended its existing fuel-price risk managementprogram through the first quarter of 2014.As part of the Company's regular review of its hedging strategy and in lightof recent corporate acquisitions, it is modifying its program beginning in thethird quarter of 2013. Specifically, the amount of fuel hedged has beenreduced from approximately 80% to 60% of fuel-price-related earnings exposure,while maintaining the use of a costless collar.

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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