August 10, 2010 8:06 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.
On CNBC's Mad Money, Jim Cramer said that investors that bought Permian Basin Royalty Trust (NYSE: PBT) on his recommendation last year should sell a half of the position. He added that dividend still looks good, but it is not wise to become greedy at this point. Permian Basin Royalty Trust (PBT) fell 0.72% today.Cramer thinks that investors should buy gold, but instead of New Gold Inc. (USA) (AMEX: NGD) he would buy SPDR Gold Trust (ETF) (NYSE: GLD) or Eldorado Gold Corporation (USA) (NYSE: EGO).Cramer likes Synovus Financial Corp. (NYSE: SNV) as a speculative play, but he thinks that Huntington Bancshares Incorporated (NASDAQ: HBAN) is a better pick. Synovus (SNV) fell 3.09% today, and Huntington Bancshares (HBAN) dropped 3.36%.Huntsman Corporation (NYSE: HUN) had a good quarter, and Cramer likes this stock, but not as much as when it used to be much lower. Huntsman Corporation (HUN) dropped 4.72% today.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.