January 16, 2014 9:31 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.
In a report published Thursday, Stifel analyst John Larkin downgraded CSX Corporation (NYSE: CSX) to Hold from Buy.According to the report, CSX reported 4Q13 EPS of $0.42, below the street consensus of $0.43. “Agricultural products volume grew 16% y/y as the year's harvest was not subjected to the drought conditions present in 2012,” the report noted. “Chemical (including crude by rail) volumes rose 18% y/y, while intermodal units, on the strength of increased highway conversions and stronger international traffic, climbed 11% y/y. On the disappointing side of the ledger, utility coal dropped 13% y/y as high stockpiles in the Southeast and relatively low natural gas prices persisted.”Some highlights from the report included: -4Q13 operating ratio rose, unfavorably, from 71.8% in the 4Q12 to 73.2% in the 4Q13. -The effective tax rate declined from 38.4% in the 4Q12 to 36.8% in the 4Q13 -Balance sheet improved slightly y/yCSX closed Wednesday at $29.23.
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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