Basic Energy Services Reports Well Servicing Rig Count Remained Unchanged at 425 for June 2013

by Benzinga Staff
July 10, 2013 6:02 AM | 28 seconds read | Make a Comment

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.

Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of June 2013.  Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 75,200 producing a rig utilization rate of 80%, compared to 70% and 76% in May 2013 and June 2012 respectively. During the month, Basic's fluid service truck count decreased by six to 968.  Fluid service truck hours for the month were 185,400 compared to 194,300 and 178,400 in May 2013 and June 2012, respectively.

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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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