UPDATE: Alpha Natural Posts Wider Q2 Adjusted Loss

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.

Alpha Natural Resources (NYSE: ANR) reported a wider second-quarter adjusted loss. Alpha Natural posted a quarterly net loss of $185.7 million, or $0.84 per share, versus a year-ago loss of $2.23 billion, or $10.14 per share. Excluding one-time items, its adjusted loss widened to $129.2 million, or $0.59 per share, versus a year-ago loss of $72.3 million, or $0.33 per share. Its revenue declined to $1.34 billion from $1.85 billion. However, analysts were estimating a loss of $0.59 per share on revenue of $1.24 billion.Alpha Natural shares closed at $5.44 yesterday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!