August 27, 2014 6:20 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.
United Company Rusal Plc swung to a profit in the second quarter.The Russian company posted a recurring net profit of $129 million, versus a year-ago loss of $203 million.Its core earnings climbed 26% to $220 million, versus analysts' estimates of $255 million. Its revenue declined 10% y/y to $2.26 billion.For the first half, its total aluminum output dropped 10.8% y/y to 1.78 million metric tons. In the second half, Rusal projects to produce 1.8 million tonnes of aluminum.Chief Executive Officer Oleg Deripaska said, “In the first half of 2014 we witnessed some important trends which signaled that the global aluminum industry has turned a corner.”In the first half of the year, consumption surged 6% to 27 million tonnes.As of June 30, Rusal's net debt was $10.6 billion, versus $10.1 billion on December 31.Oleg Deripaska, Chief Executive said, "There was a major improvement in Rusal's financial results in the second quarter compared to the first quarter, which was a result of a recovery in the aluminum price, a rise in average realized premiums, and tight cost controls."
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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