March 14, 2013 7:36 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.
FlotekIndustries, Inc. (NYSE: FTK) announced this morning theexecution of a Letter of Intent (the "Agreement") with an affiliate of GulfEnergy, LLC ("Gulf Energy"), a leading Oman-based diversified oil and gasconcern, to construct an advanced oilfield chemistry production facility andcreate a state-of-the-art research and development organization to address thegrowing need for advanced oilfield chemistry and analysis in the Middle Eastand North Africa.Under the terms of the Agreement, Flotek will own 60% of two newOmani-registered limited liability companies: the first, a chemical productioncompany that plans to construct a production facility – with capabilitiessimilar to the Company's current facility in Marlow, Oklahoma; and the second,a research and development laboratory that will focus on the application ofFlotek's leading oilfield chemistries to the challenges of drilling,completion and production in the Middle East and North Africa. Flotek and GulfEnergy will jointly market the products and services of the Company along withFlotek's international marketing partner, Basin Supply Company.
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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