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.
In the hedge fund’s latest 13-F filing, the David Einhorn-founded Greenlight Capital disclosed changes to its holdings that occurred during Q4 of 2014.
Here’s a list of some of the moves the fund made to its largest positions during the quarter.
Buys
• Acquired position in California Resources Corp (NYSE: CRC) totaling 1,968,722 shares
• Acquired position in Chicago Bridge & Iron Co (NYSE: CBI) totaling 2,940,000 shares
• Acquired position in Green Brick Partners Inc (NASDAQ: GRBK) totaling 15,641,805 shares
• Acquired position in Green Dot Corp (NYSE: GDOT) totaling 1,250,000 shares
• Acquired position in Halyard Health Inc (NYSE: HYH) totaling 2,353,181 shares
• Acquired position in Time Warner Inc (NYSE: TWX) totaling 3,795,700 shares
• Acquired position in Tri Pointe Homes Inc (NYSE: TPH) totaling 4,408,647 shares
• Acquired position in Yahoo! Inc (NASDAQ: YHOO) totaling 2,025,000
Increases
• Increased position in Aecom Technology (NYSE: ACM) by 3,613,204 shares
• Increased position in Micron Technology Inc (NASDAQ: MU) by 781,377 shares
Reductions
• Reduced position in Aetna Inc (NYSE: AET) by 1,659,637 shares
• Reduced position in Apple Inc (NASDAQ: AAPL) by 566,500 shares
Liquidations
• Liquidated position in American Capital Agency Corp (NASDAQ: AGNC)
• Liquidated position in Anadarko Petroleum Corp (NYSE: APC)
• Liquidated position in Babcock & Wilcox (NYSE: BWC)
• Liquidated position in Biofuel Energy Corp (NASDAQ: BIOF)
• Liquidated position in BP PLC (NYSE: BP)
• Liquidated position in Chemtura Corp (NYSE: CHMT)
• Liquidated position in Cigna Corp (NYSE: CI)
• Liquidated position in Colony Financial Inc (NYSE: CLNY)
• Liquidated position in Einstein Noah Restaurant Group Inc (NASDAQ: BAGL)
• Liquidated position in Interpublic Group of Companies Inc (NYSE: IPG)
• Liquidated position in Intrexon Corp (NYSE: XON)
• Liquidated position in National Oilwell Varco Inc (NYSE: NOV)
• Liquidated position in Synchrony Financial (NYSE: SYF)
These changes to Greenlight Capital’s holdings that occurred during Q4 are merely some of the many adjustments the fund made to its portfolio. The fund’s full 13-F filing can be found here.
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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