December 6, 2013 11:32 AM | 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.
The board of directors of Phillips 66 (NYSE: PSX) has approved a new $2 billion share repurchase program, consistent with the company's strategy to grow shareholder distributions. Since the third quarter of last year, Phillips 66's board of directors has authorized a total of $5 billion in share repurchases and raised quarterly dividends from 20 cents per share to 39 cents per share. The company has repurchased $2 billion of its shares as of October 2013. “Returning capital to our shareholders is fundamental to creating value and delivering superior total shareholder returns,” said Phillips 66 Chairman and CEO Greg Garland. “Our disciplined capital allocation process complements these distributions with capital spending and reinvestment in our higher-valued
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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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