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.
- After surrendering the rights of two airport slots to Delta Air Lines, Inc. (NYSE:DAL) in 2013, American Airlines Group Inc (NASDAQ:AAL) lost a court appeal to have the European Union revoke those rights.
- In order to obtain antitrust clearance for its merger with US Airway, American Arline forfeited the takeoff and landing privileges at Heathrow and Philadelphia airports. Delta was chosen by the European Union to occupy the slots, reported Reuters.
- The EU Court of Justice (CJEU), rejected American's claims that Delta had violated its obligation to regularly use the slots.
- "The text of the final commitments does not establish a specific number of frequencies that should be operated by the prospective entrant to ensure effective competition," the judges ruled, according to the report.
- Price Action: AAL shares are trading lower by 0.42% at $14.06 and DAL is lower by 1.07% at $33.35 premarket on Friday.
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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