General Dynamics Awarded $227M Contract by US Navy

by Benzinga Staff
January 16, 2014 1:01 PM | 23 seconds read | Make a Comment

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.

General Dynamics Advanced Information Systems, a business unit of General Dynamics (NYSE: GD), was recently awarded two contracts valued at approximately $226.7 million by the U.S. Navy's Strategic Systems Programs (SSP) office for continuing efforts to modernize and repair the training and support equipment for the U.S. and United Kingdom ballistic missile submarine (SSBN) and SSGN fleets. This work helps the Navy address obsolescence, reduce overall submarine lifecycle costs and enhance operational capabilities.

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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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