October 14, 2013 6:05 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.
Superior Energy Services, Inc. (NYSE: SPN) today announced that third quarter 2013 earnings are expected to be in the range of $0.39 to $0.41 per diluted share. The Company also announced today that its Board of Directors has authorized a share repurchase program of the Company's common stock with an authorized limit of up to $400 million until expiration on December 31, 2015.The third quarter was affected primarily by continued reduced pricing and utilization for several U.S. land services, including fluid management in the Company's Onshore Completion and Workover Services segment, and coiled tubing, remedial pumping (cementing, acidizing, and non-horizontal well fracturing) and other production-related services in the Production Services segment.David Dunlap, CEO of Superior, commented, "Our guidance for the second half of the year was in part predicated on the premise that we could maintain margins across our various completion and production-related service lines. However, the flat U.S. land horizontal rig count environment continued to have an adverse effect on pricing and margins for several completions and productions-related services, as oversupply challenges continue. Margins in our horizontal pressure pumping business remain consistent. We have commenced cost reduction initiatives
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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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