November 10, 2014 10:22 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.
Rayonier (NYSE: RYN) shares touched a new 52-week low of $29.25. Rayonier reported better-than-expected earnings for the third quarter. However, the company's revenue missed estimates. The company announced its plans to realign its strategy. It also restated results for the first half of this year and lowered its quarterly dividend to $0.25 per share from $0.30 per share.Abercrombie & Fitch Co (NYSE: ANF) shares fell 2.64% to reach a new 52-week low of $28.72. Janney Capital downgraded Abercrombie & Fitch from Buy to Neutral, according to Reuters.Dendreon (NASDAQ: DNDN) shares tumbled 71.45% to touch a new 52-week low of $0.27 on Chapter 11 filing.Akebia Therapeutics (NASDAQ: AKBA) shares dropped 14.68% to touch a new 52-week low of $9.13 after the company reported Q3 results.
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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