July 15, 2014 10:36 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.
La Jolla Pharmaceutical Co (NASDAQ: LJPC) shares moved up 16.59% to $12.65. The volume of La Jolla Pharmaceutical shares traded was 2646% higher than normal. La Jolla Pharmaceutical reported positive pre-clinical data for oral galectin-3 inhibitor in NASH.Rockwood Holdings (NYSE: ROC) shares rose 10.93% to $83.97. The volume of Rockwood shares traded was 1954% higher than normal. Albemarle (NYSE: ALB) announced its plans to acquire Rockwood in a cash and stock transaction valued at around $6.2 billion.AECOM Technology (NYSE: ACM) surged 3.49% to $36.20. The volume of AECOM shares traded 851% higher than normal. On Sunday, Aecom announced its plans to buy URS (NYSE: URS) for $4 billion in cash and stock. Celadon Group (NYSE: CGI) shares climbed 4.03% to $22.70. The volume of Celadon Group shares traded was 416% higher than normal. Celadon Group will replace Cbeyond (NASDAQ: CBEY) in the S&P SmallCap 600 after the closing bell on July 17.
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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