April 12, 2013 9:02 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
White Martins, the Brazil-based subsidiary of Praxair, Inc. (NYSE: PX), hasstarted up a new air separation plant in the state of Mato Grosso, in Brazil'sfast growing Midwest region. As part of a long-term contract, Praxair willsupply Eldorado Celulose e Papel's single-line pulp mill, which will be thelargest in the world.The new air separation unit will have the capacity to produce 220 tons per dayof oxygen, nitrogen and argon. Oxygen is a critical component in Eldorado'smanufacturing process. Oxygen delignification, used in the pulp bleachingprocess, reduces active chlorine requirements, providing significant operatingcost advantages and environmental benefits. The plant will also supply localmerchant liquid customers in the Brazilian Midwest and in the neighboringstate of Sao Paulo in markets such as petrochemicals, metals and healthcare.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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