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.
Defense stocks spiked lower Thursday afternoon amid reports that the U.S. Department of Defense is seeking to cut spending.
“The Pentagon will request about $51 billion in war funding for the fiscal year starting Oct. 1, a 20 percent reduction from the $64 billion Congress approved this year and the least since the Sept. 11 terrorist attacks, officials and congressional aides” told Bloomberg.
Despite the news, defense stocks maintained gains from earlier in the day and with many up 1 to 2 percent by 2PM EST Thursday.
Some of the names holding on to gains included:
Raytheon Company (NYSE: RTN)
Northrop Grumman Corporation (NYSE: NOC)
General Dynamics Corporation (NYSE: GD)
Honeywell International Inc. (NYSE: HON)
United Technologies Corporation (NYSE: UTX)
Lockheed Martin Corporation (NYSE: LMT)
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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