December 2, 2013 7:36 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.
Hess Corporation (NYSE: HES) announced today it has entered into two separate agreementswith a joint venture between PT Pertamina and PTT Exploration and ProductionCompany Limited to sell its interests in both the Pangkah and Natuna A assetslocated off the coast of Indonesia for a total after-tax consideration of $1.3billion. Together, the two assets produced an average of 15,000 barrels of oilequivalent per day net to Hess in the first three quarters of 2013.Hess will use the proceeds from this sale to continue repurchasing sharesunder its existing $4 billion authorization.The agreements are subject to customary closing conditions and are expected toclose before the end of the first quarter of 2014.
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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