September 28, 2012 9:30 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.
Brazil is one of the world's largest oil producers, and its national oil company Petrobras has plans for $224 billion in capital expenditures from 2011 to 20151. To support Petrobras' initiatives for pre-salt drilling, GE's Power Conversion business (NYSE: GE) today announced it has been selected by Keppel Offshore & Marine Ltd, a leading designer and builder of high-performance mobile offshore rigs, to supply the electrical power generation, thruster and drilling drive technology for six new semisubmersible drilling rigs for Brazil.GE's electrical systems contribute significantly to the rig's efficient and effective performance in the challenging deep waters off Brazil's east coast. In the challenging waters of the Brazilian offshore, reliability is fundamental to operations and was thus a key factor in the decision to choose Power Conversion technology. Keppel Offshore & Marine Ltd. recently announced that it had secured contracts from Sete Brasil Participações S.A. for the design and construction of semisubmersible drilling rigs based on Keppel's proprietary DSS™ 38E design. With the first rig scheduled to enter service in the fourth quarter of 2015, the deepwater drilling rigs will support the exploration of Brazil's estimated 50 billion barrels of deep-sea oil and gas reserves.
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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