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.
Oil and gas stocks were pummeled Friday after OPEC’s decision to maintain production levels amid falling oil prices.
Here are some of the stocks hardest hit in Friday morning trading:
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Oasis Petroleum Inc. (NYSE: OAS) down over 26 percent to $18.61.
Bonanza Creek Energy Inc (NYSE: BCEI) down approximately 20 percent to $28.55.
Triangle Petroleum Corporation (NYSE: TPLM) down 20.83 percent to $5.13.
Others company’s also declining by the mid-to-upper teens included:
Whiting Petroleum Corp (NYSE: WLL) down 18 percent.
Kodiak Oil & Gas Corp (NYSE: KOG) down 18 percent.
Comstock Resources Inc (NYSE: CRK) down 18 percent.
Northern Oil & Gas, Inc. (NYSE: NOG) down 15.54 percent.
Denbury Resources Inc. (NYSE: DNR) down 14.37 percent
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.