December 26, 2012 5:23 PM | 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.
Grainger (NYSE: GWW) today announced ithas settled its long-standing contract dispute with the federal government. Asannounced October 16, the discrepancy centered on disclosure language in theGeneral Services Administration (GSA) and United States Postal Service (USPS)contracts, which were implemented more than 10 years ago.Grainger maintains it complied with the disclosure requirements and thecontracts in all material respects, and the settlement does not contain anyadmission of wrongdoing by the company.The GSA and USPS remain long-standing and important Grainger customers. Thesecontracts account for a portion of the company's overall government business,which represented 17 percent of its total U.S. 2011 revenue.As Grainger disclosed in October, it recorded a $70 million pre-tax reservefor this settlement and established a separate pre-tax reserve to resolve tax,freight and miscellaneous billing issues with these two government customers.
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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