January 7, 2013 9:12 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.
Comstock Resources, Inc.("Comstock" or the "Company") (NYSE: CRK) announced that it plans to spendapproximately $420 million in 2013 for development and explorationactivities. The 2013 drilling program will focus on the continued developmentand delineation of the Company's Eagle Ford shale properties in South Texasand its Wolfbone properties in West Texas. Minimal drilling is anticipated inthe Company's East Texas/North Louisiana region which is predominately naturalgas. Comstock expects to utilize six operated drilling rigs for its drillingactivity. Three rigs will be focused in the Eagle Ford shale in South Texasand three rigs will be drilling in West Texas.The 2013 Plan includes drilling 85 (58.1 net) wells. Forty-two (27.3 net) ofthe wells will be horizontal Eagle Ford shale wells, 25 (19.9 net) of thewells will be vertical Wolfbone wells and 8 (7.3 net) of the wells will behorizontal Wolfcamp wells. The 2013 budget also includes plans to drill 10(3.6 net) Haynesville/Bossier shale wells which will be drilled as required tohold acreage.
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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