August 2, 2010 4:46 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Argo Group International Holdings, Ltd. (Nasdaq: AGII) today announced financial results for the three and six months ended June 30, 2010.Highlights for the three months ended June 30, 2010:-- Total revenue was $362.4 million versus $403.8 million in the second quarter of 2009;-- Net income was $26.1 million or $0.86 per diluted share, compared to $21.9 million or $0.71 per diluted share for the three months ended June 30, 2009;-- Net pre-tax operating income, or pre-tax income before net realized investment gains and losses, foreign currency exchange gains and losses and an impairment charge, was $18.6 million versus $50.5 million in the second quarter of 2009;-- Net after-tax operating income per diluted share was $0.49 versus $1.31 per diluted share in the year-ago quarter.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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