Appaloosa Management Form 13-F Notable Position Changes


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.


 

On Friday, Appaloosa Management Filed Its Form 13-F.

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The filing shows:

 

Reduced position in American Airlines from 7,286,892 shares to 4,355,050 shares.

Reduced position in Delta Airlines from 7,480,799 shares to 3,221,474 shares.

Reduced position in Google (Class A) from 422,259 shares to 369,687 shares.

Reduced position in Priceline from 366,574 shares to 316,874 shares.


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Liquidated position in Walt Disney Co .

Liquidated position in Broadcom Corp.

Liquidated position in CBS Corp.

Liquidated position in Facebook

Liquidated position in Citigroup

Liquidated position in Apple

Liquidated position in Alibaba

Liquidated position in Ford Motor Co.

Liquidated position in MGM Resorts


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.


Posted In: NewsHedge FundsGeneralAppaloosa ManagementDavid Tepper