September 12, 2010 1:57 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.
Jim Cramer said on Mad Money Lightning Round that Linn Energy, LLC (NASDAQ: LINE) is a good stock, but he recommended investors to sell it, because he didn't want to be greedy. Linn Energy, LLC (LINE) gained 1.05% on Friday.Cramer is worried about Raytheon Company (NYSE: RTN). He thinks that this stock is cheap, but government will probably cut the defense budget, and you should sell the stock. Raytheon (RTN) jumped 2.68% on Friday, and closed at $46.69.Gilead Sciences, Inc. (NASDAQ: GILD) is a buy thinks Cramer. He said that the sentiment has improved for this stock. Gilead Sciences, Inc. (GILD) gained 1.00% on Friday.Cramer is a seller of Yanzhou Coal Mining Co. (ADR) (NYSE: YZC), because he doesn't like Chinese stocks. He doesn't like coal industry either, but if he had to pick the stock in the space, he would buy Peabody Energy Corporation (NYSE: BTU). Yanzhou Coal Mining Co. (ADR) (YZC) lost 1.93% on Friday, and Peabody (BTU) added 0.41%.No one should buy bank stocks until Wednesday, said Cramer. He is concerned about the effect of Basel III. Wells Fargo & Company (NYSE: WFC) is a good company, but it can't buck the trend right now. He recommended JPMorgan (NYSE: JPM) instead.
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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