September 16, 2010 9:52 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.
As per a government filing, United Airlines parent company UAL Corp (NASDAQ: UAUA) projects an 18.5% to 19.5% y/y rise in its mainline Q3 unit revenue.UAUA's unit costs, excluding fuel, increased in a range of 3.2% to 3.7% for the latest period. The company is forecasting to close Q3 with an unrestricted cash balance of about $4.9 billion.UAUA is likely to report its latest quarter earnings on October 18. Wall Street is expecting the company to earn $2.22 per share for the same period.J.P. Morgan analyst Jamie Baker said, "Updated UAL guidance paints a third-quarter earnings outcome modestly ahead of our own forecast and broadly in line with that of consensus."UAUA's shares lost 1.34% to $21.42 at 9:47 am.Read more
from Benzinga's Company news.
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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