September 17, 2010 9:21 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.
Arena Pharmaceuticals Inc (NASDAQ: ARNA) dipped 44.12% to $2.09 in the pre-market session. Analysts at Piper Jaffray downgrade ARNA from "overweight" to "neutral." Orexigen Therapeutics Inc (NASDAQ: OREX) lost 9.01% to $6.16 in the pre-market session. OREX shares have fallen 26.65% over the past 52-weeks, while the S&P500 index has gained 5.55% in the same period.Acorn Energy Inc (NASDAQ: ACFN) fell 6.58% to $4.40 in the pre-market session. ACFN shares have fallen 15.44% over the past 52-weeks, while the S&P500 index has gained 5.55% in the same period.VIVUS Inc (NASDAQ: VVUS) slipped 5.59% to $5.91 in the pre-market trading. VVUS' shares have fallen 40.78%over the past 52-weeks, while the S&P500 index has gained 5.55% in the same period.Read more
from Benzinga's Markets.
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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