February 13, 2014 7:37 AM | 2 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.
J. C. Penney Company, Inc. (NYSE: JCP)today announced that Ed Record has been named executive vice presidentand chief financial officer, effective March 24, 2014. He will succeedKen Hannah, who will remain chief financial officer through that date toensure a smooth transition. As chief financial officer, Record will beresponsible for the financial operations of the Company. He will reportto Myron E. (Mike) Ullman, III, chief executive officer of JCPenney, andjoin the Company's executive board. "Ed is a highly accomplished executive with a broad understanding ofretail finance and operations. His extensive department storeexperience and track record of success make him an ideal candidate as wecontinue to advance our turnaround," said Ullman. "On behalf of myselfand the entire JCPenney team, I would like to thank Ken Hannah for hismeaningful contributions to our turnaround and wish him success in hisfuture endeavors." Record, 45, has nearly 25 years of experience managing the financial andoperational performance of multiple retailers. He spent over six yearsat Stage Stores, a Houston, Texas-based retailer that operatesdepartment and off-price stores, most recently serving as chiefoperating officer and, prior to that, chief financial officer. BeforeStage, Record served as senior vice president of finance at Kohl's andas controller and senior vice president of finance at Belk. Earlier inhis career, he held a variety of finance positions of increasingresponsibility at Federated stores, leading to his eventual appointmentas controller and vice president of finance. Record holds a Bachelor of Arts from Princeton University and an MSIAfrom Carnegie Mellon University. Media Relations: (972) 431-3400 or jcpnews@jcp.com Investor Relations: (972) 431-5500 or jcpinvestorrelations@jcpenney.com About JCPenney: J. C. Penney Company, Inc. (NYSE: JCP), one of the nation's largestapparel and home furnishing retailers, is dedicated to becomingAmerica's preferred retail destination for unmatched style, quality andvalue. Across approximately 1,100 stores and at jcp.com, customers willdiscover an inspiring shopping environment that features the most soughtafter collection of private, national and exclusive brands andattractions. For more information, please visit jcp.com. ### This announcement is distributed by NASDAQ OMX Corporate Solutions onbehalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solelyresponsible for the content, accuracy and originality of the informationcontained therein. Source: J. C. Penney Company, Inc. via Globenewswire HUG#1761567
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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