August 12, 2014 8:52 AM | 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.
In a report published Tuesday, MLV & Co analyst Chad Mabry reiterated a Hold rating on
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.
(NASDAQ: FXEN).In the report, MLV & Co noted, “FXEN reported adj. Q2'14 EPS of $0.05, beating our breakeven estimate and the ($0.03) consensus. Adj. EPS excludes $3.7 million of impairments and $2.9 million of dry hole costs (related to Szymanowice) and $0.7 million of foreign exchange losses. Adj. CFPS of $0.09 also beat both our estimate and the consensus of $0.04. Lower-than-expected exploration expense and higher income from the oilfield service segment drove the beat, offsetting lower production and higher operating expenses. Q2'14 sales of 12.1 MMcfe/d were 5% below our forecast on additional maintenance downtime in Poland. Q2'14 capex of $7.4 million was 7% below our forecast.”FX Energy closed on Monday at $3.19.
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