November 12, 2013 2:28 PM | 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.
Third Point founder Dan Loeb revealed that his hedge fund has initiated a position in
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.
(NYSE: FDX) During a live CNBC interview with Deal Book's Andrew Ross Sorkin, Loeb indicated he likes the management, especially Fred Smith, the company's CEO.When pressed to describe his thoughts on Smith, Loeb said: “I didn't need to explain to him, because he knows how great he is.” Sorkin then asked if there are any plans to oust the CEO, Loeb did not hesitate to reply: “No. Absolutely not.”Absent from Loeb's revelation is the number of shares his fund has purchased, and at what price. This information should be revealed in an SEC filling from Third Point in the coming weeks.Shares of FedEx traded higher by more than 1.5 percent following Loeb's live television interview. Volume spiked up quickly as traders began to digest the news which circulating across the news wires very quickly. Shares retreated slightly but were still up by 1.1 percent in mid afternoon trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.