August 18, 2010 12:32 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.
Anadarko Petroleum (NYSE: APC), the second-largest U.S. independent oil and natural gas producer, said it made what is believed to be the first deepwater oil discovery off the coast of the East African country of Mozambique.Texas-based Anadarko said the find probably won't be commercially developed, but the company will use data from the discovery to evaluate the potential for additional discoveries in the region.Anadarko's Ironclad well encountered about 125 feet (38 meters) of sands saturated with crude and natural gas, according to Bloomberg News. The company made a significant natural gas find in Mozambique earlier this year.Anadarko's partner on the project is Cove Energy Plc of the U.K.
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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