April 28, 2014 2:00 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.
Shares of Cummins (NYSE: CMI) are leading the Industrial group lower Monday afternoon as traders appear to be positioning themselves ahead of the company's first-quarter earnings, expected out on Tuesday prior to the opening bell. Analysts on Cummins are currently looking for quarterly earnings of $1.68 per share on sales of $4.18 billion. The company normally issues quarterly figures around 7:30AM EDT.The stock last traded at $143.33, down more than 2.5 percent from the close on Friday. Elsewhere in the sector, Cat (NYSE: CAT) shares are down about 1 percent, shares of BorgWarner (NYSE: BWA) are down about 2 percent and shares of Tenneco (NYSE: TEN) are down more than 2.5 percent. Tenneco earlier posted better-than-expected first-quarter figures. The beat should not be weighing on the stock, nor the sector.
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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