September 17, 2013 9:23 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.
Curtiss-Wright (NYSE: CW) FlowControl Company (CWFC) announced today that it has acquired theassets of Gulf33 VALVE PROS, LLC (Gulf33) for $4 million in cash.Gulf33 is a Louisiana limited liability company that provides valverepair and maintenance services to the offshore oil and gas market.Gulf33's customers include the largest offshore platform operators inthe Gulf of Mexico.This acquisition will be integrated into GROQUIP, a business unit ofthe Oil & Gas division of CWFC. Gulf33 and GROQUIP's Offshore Groupwill be consolidated into a facility in Houma, L.A. Merging the twocompanies will increase Curtiss-Wright's overall service offering,while improving our customers' experience."The acquisition of Gulf33 complements our recent diversificationinto the upstream oil and gas market," said David C. Adams, Presidentand CEO of Curtiss-Wright Corporation. "Furthermore, this synergy ofservice capabilities expands our offering to existing and newcustomers in these markets."Curtiss-Wright continues to expand its position in the offshore oiland gas service market by increasing our service offerings andqualifications to bid on expanded and new Master Service Agreements.The combined valve services will offer E&P customers a full array ofoffshore, onshore, repair and testing capabilities, with maximizedutilization of technicians deployable during turnarounds.
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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