April 29, 2014 5:05 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.
Fluor Corporation (NYSE: FLR) received a limited notice to proceed from Anglo American PLC for engineering, procurement and construction management (EPCM) services for the Quellaveco copper project in Peru. This is an additional opportunity in the stage-gate process for Anglo American to validate the economic case of the project. Fluor booked the mining contract for an undisclosed value in the first quarter of 2014. The Quellaveco project, one of the biggest copper projects in Peru, includes a copper production facility and port expansion. Fluor will provide project planning and early engineering services from its offices in Lima, Peru, and Santiago, Chile. “The Quellaveco project is an important project for Anglo American and for the country of Peru,” said Rick Koumouris, president of Fluor's Mining & Metals business line. “We are very pleased to be selected by Anglo American to be their partner in progressing the development of the project and to continue Fluor's 20-plus year legacy in Peru.” Additionally, Fluor will provide construction management and early works execution services for the project in southern Peru. The work is expected to be completed over the next 18 months. About Fluor Corporation
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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