July 21, 2010 11:15 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.
Wunderlich reports on Transocean (NYSE: RIG): that "reserve and production estimates depend on many assumptions that may turn out to be inaccurate. Any material change in these figures could materially change our estimates."Wunderlich remains cautious offshore and intends to focus on oil and gas investments with primarily onshore players such as such as American Oil & Gas Inc. (AMEX: AEZ)(-$6.21, Buy), Clayton Williams Energy Inc. (NASDAQ: CWEI)(-$40.49, Buy), GeoResourcesInc. (NASDAQ: GEOI)(-$14.26, Buy), Gulfport Energy Corp. (NASDAQ: GPOR)(-$12.50, Buy), Northern Oil & Gas (AMEX: NOG)(-$14.38, Buy), and Venoco Inc.(NYSE: VQ)(-$18.69, Buy). On the oilfield service side, we continue to believe technology plays like Newpark Resources Inc. (NYSE: NR)(-$7.38, Buy),Core Laboratories N.V. (NYSE: CLB)(-$82.50, Buy), or oily Lufkin Industries (NASDAQ: LUFK)(-$42.20, Buy) which Wunderlich expects should outperform. Transocean closed yesterday at $49.00.Learn how to find the best
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.
for free.
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