June 18, 2014 6:24 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.
The fuel-cell sector was absolutely on fire Wednesday as traders appear to be once again starting to favor the group. Shares of Plug Power (NASDAQ: PLUG) closed Wednesday's session up nearly 18 percent to $5.05, shares of Ballard Power (NASDAQ: BLDP) closed up 17.7 percent, shares of Hydrogenics (NASDAQ: HYGS) finished up about 13.5 percent and shares of FuelCell Energy (NASDAQ: FCEL) closed up 5.5 percent.Investors in the space appeared to be responding to some bullish sector-wide comments from analysts at Jennings Capital. The group of analysts, led by Dev Bhangui, highlighted the "increasing competitiveness of the Fuel Cell sector with other green alternatives for stationary and motive power." Bhangui believes demand for stationary back-up power around the globe -- especially in the emerging markets -- "will continue to rise." Bhangui initiated coverage on shares of Ballard Power Wednesday, starting the stock with a Buy rating and $4 price target. He called the name "a pioneer ahead of its time."
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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