January 7, 2013 8:43 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 Dow Chemical Company (NYSE: DOW) today announced that the Company's St.Charles Olefins 2 Plant near Hahnville, La. began producing on-spec ethyleneon December 25, 2012, meeting previously announced targets to re-start theplant by year-end 2012.This milestone is part of Dow's comprehensive investment plan to furtherconnect its U.S. operations with cost-advantaged feedstocks from increasingsupplies of U.S. shale gas and deliver long-term competitive advantage forDow's downstream businesses. Plans to increase ethylene and propylene supplyand ethane cracking capabilities at existing U.S. Gulf Coast facilitiesstrengthen the competitiveness of Dow's Performance Plastics, PerformanceProducts and Advanced Materials businesses and enable profitable growth in theAmericas.The St. Charles plant, which was idled in January 2009, is expected to delivera $150 million increase in EBITDA in 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.
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