July 28, 2014 8:46 AM | 3 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.
FuelCell Energy, Inc.(Nasdaq: FCEL), a global leader in the design, manufacture, operation andservice of ultra-clean, efficient and reliable fuel cell power plants,identified New Haven, Connecticut as the second installation site for thepreviously announced 5.6 megawatt (MW) in projects purchased by The UnitedIlluminating Company (UI), a subsidiary of UIL Holdings Corporation(NYSE: UIL). Information regarding the projects, which consist of two 2.8 MWDFC3000^® fuel cell power plants to be installed at different sites within theUI service territory, was released on April 30^th and identified Bridgeport asone location with the other to be named at a later date. Now confirmed, thesecond power plant in New Haven will supply electricity to a nearby UI-ownedsubstation; providing environmentally friendly distributed power to residents."This project further supports our efforts in renewable, green energy andhelps achieve our goal of providing customers with clean safe and reliableelectricity," said James P. Torgerson, President & Chief Executive Officer,UIL Holdings Corporation."We are fully invested in issues affecting the environment because it means weare investing in the future of our City," said Toni Harp, Mayor of New Haven."Through the generation of ultra-clean power, produced in a highly efficientand environmentally-friendly manner, the fuel cell installation exemplifiesthe City's commitment to instituting sustainability practices and improvingthe environmental integrity of New Haven."The power plant in New Haven will be located in the port area of the city nearan electrical substation owned by UI and will provide continuous power to thesubstation. Distributed power generation like this installation increases thepower supply while producing virtually no pollutants, have a low-noiseprofile, and only modest space requirements."The New Haven installation will help meet the State of Connecticut'srenewable energy goals and exemplifies how our fuel cell technology cansupport the utility market by providing an easy-to-site energy solution thatreduces reliance on transmission and enhances grid resiliency," said ChipBottone, President and Chief Executive Officer, FuelCell Energy, Inc. "Ourpower generation solutions are well-suited for utilities interested in addingultra-clean baseload power when and where needed within their serviceterritory."The previously announced second installation will be located in Bridgeport andwill serve as part of a renewable energy park supplying power to the electricgrid. The energy park occupies approximately 9 acres of land with the fuelcell power plant taking only about one quarter of an acre to produce 2.8 MW ofcontinuous power and a 2.2 MW solar array utilizing the remaining land orsomewhat over 8.5 acres.The continuous power to be provided by both the New Haven and Bridgeport fuelcell plants is adequate to power approximately 5,600 homes in aggregate, andwill be generated in a highly efficient and environmentally friendlymanner. FuelCell Energy will install the power plants and operate and maintainthem under long term service agreements. Both sites are expected to beoperational in early 2015.Multi-megawatt fuel cell installations address power generation challenges forutilities as the combination of near-zero pollutants, modest land-use needs,and the quiet operating nature of fuel cell power plants facilitates theirsiting in urban locations. Fuel cell parks offer a multitude of advantages forutilities and neighboring communities, including:
- Environmentally friendly power generation with virtually zero nitrogen oxide (NO[x]) that causes smog, sulfur dioxide (SO[x]) that contributes to acid rain, or particulate matter (PM^10) that aggravates asthma, and the power is delivered with a low carbon footprint
- Distributed power generation places power near where it is used, enhancing the resiliency of the grid
- Highly efficient power generation process that is economical
- Continuous renewable power around the clock that is not reliant on weather or time of day
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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