January 10, 2013 8:39 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.
Sparton Corporation (NYSE: SPA) and USSI, a subsidiary of Ultra ElectronicsHoldings plc (ULE) announce the award of subcontracts valued at $4.0 millionfrom their ERAPSCO/SonobuoyTech Systems joint venture, for the manufacture ofmultiple Passive and Active Sonobuoys in support of several internationalSonobuoy customer exercises planned with the U.S. Navy as well as othersonobuoy end-users. ERAPSCO/SonobuoyTech Systems will provide manufacturingsubcontracts in the amount of $4.0 million to Sparton Electronics Florida Inc.Production will take place at Sparton's DeLeon Springs, FL facility and isexpected to be completed by June 2013.ERAPSCO/SonobuoyTech Systems was awarded multiple international contracts forPassive and Active sonobuoys that are used for detection, classification, andlocalization of adversary submarines during peacetime and combat operations.ERAPSCO/SonobuoyTech Systems is pleased to have been selected to assistinternational customers in protecting their borders by providing theleading-edge products developed by its joint venture partners. The jointventure welcomes opportunities to play a role in the defense activities of ourforeign allies and the expansion of the number of contracts received fromforeign nations demonstrates ERAPSCO's deliberate progress into marketsoutside the U.S.
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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