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.
As the deadline for fourth quarter 13Fs arrived on Tuesday, Mr. Carl Icahn disclosed his long equity positions thru December 31, 2014. The famed investor declared an equity portfolio worth almost $31.9 billion, down from $33.6 billion by the end of the third quarter. His stakes were mainly concentrated in industrial (35.5 percent of the total portfolio) and information technology stocks (about 30.2 percent).
Over the fourth quarter of 2014, Icahn added one new stock to his holdings -Manitowoc Company, Inc. (The) (NYSE: MTW),increased his exposure to another 5 companies, and exited one position: CVR Refining (NASDAQ: CVRR).
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Manitowoc shares are up more than 2 percent on Wednesday morning, after the activist investor disclosed ownership of 4.49 million shares, worth almost $100 million. This new position accounts for 0.3 percent of his total equity portfolio.
Other companies that felt Icahn’s bullishness are Hertz Global Holdings, Inc (NYSE: HTZ), Navistar International Corporation (NYSE: NAV), eBay Inc. (NASDAQ: EBAY) and his own Icahn Enterprises L.P. (NASDAQ: IEP).
Icahn raised his stake in:
- Hertz, by 33 percent, to 51.92 million shares, worth almost $1.3 billion
- Navistar, by 13 percent, to 16.27 million shares, worth more than half a billion dollars
- eBay, by 445,686 shares, to 46.27 million shares, worth almost $2.6 billion
- Icahn Enterprises, by 1 percent, to 108.8 million shares, with a market value of more than $10 billion. This remains his largest position, same as in previous quarters.
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.