December 10, 2013 4:10 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.
Molycorp (NYSE: MCP) today announced several changes to its Board of Directors, all effective December 19, 2013, including the election of Vice Chair Constantine Karayannopoulos to Board Chair and the addition to the Board of Molycorp President and CEO Geoff Bedford. Mr. Karayannopoulos was elected by the Board to serve as its new Chair, replacing Ross Bhappu, Senior Partner of Resource Capital Funds, who has decided to resign from the Board. "As an initial member of the Molycorp Board, Ross Bhappu has been a driving force behind our growth from a Company with a single facility into a global, vertically integrated enterprise," said Mr. Karayannopoulos. "We are all very grateful for Ross' leadership and commitment to the success of this Company." "With the rebuild and modernization of Mountain Pass and our global vertically integrated platform now largely complete, an increased focus by the Company on operational optimization and global market sales growth is strategically the right move at this time," said Mr. Bhappu, who served as Molycorp Board Chair since the Company's initial public offering (IPO) in 2010. "Constantine's nearly two decades of experience in the
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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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