January 7, 2015 9:43 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.
Byline: Richard SmithThe Department of Defense awarded nine new defense contracts Tuesday, worth $116.5 million in total. The largest of these contracts went to privately-held defense contractor General Atomics Aeronautical Systems, which was awarded a sole-source, firm-fixed-price contract worth $43.3 million to supply the U.S. Air Force with field retrofit kits for work on MQ-9 Reaper unmanned aerial vehicles by July 5, 2017.Only one publicly-traded defense contractor -- Exelis (NYSE: XLS) -- benefitted from the remaining awards. But it won four of them, all related to space-monitoring radar systems operated by the U.S. Air Force. Specifically:a $9 million contract modification related to sustainment of the Globus II space radar system through Dec. 31, 2015. an $8.4 million contract modification to perform system sustainment on the C-6 space radar system, also running through Dec. 31, 2015. an $8.1 million contract modification funding sustainment work on the Air Force's Distributed Space Command and Control-Dahlgren system (through, you guessed it, Dec. 31, 2015). and finally, a $7.4 million contract modification for sustainment of Ground-Based Electro-Optical Deep Space Surveillance (GEODSS) weapons systems. This one, too, runs through Dec. 31, 2015.
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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