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.
Chesapeake Energy
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Frank's International
Last week, the executive chairman purchased 57,000 shares of Franks International NV (NYSE: FI) at $17.71 apiece. That cost him a bit more than $1 million. Earlier in the month, Frank's announced it would acquire privately held Timco Services to expand its footprint in the United States.This Dutch oil services company has a dividend yield of about 3.2 percent and a market cap of almost $3 billion. The operating margin is greater than the industry average and the return on equity is about 17 percent. Shares are up more than 14 percent since the beginning of the year and closed most recently at $19.06.Jabil Circuit
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Opko Health
The chairman continues to buy batches of shares periodically, as he has done for well more than a year. He purchased 70,200 Opko Health Inc. (NYSE: OPK) shares in the latter half of March at prices that ranged from $14.15 to $14.50. That cost him around $1 million. His total stake is around 154.53 million shares.This Miami-based health care company has a market cap of more than $6 billion. Note that the return on equity is in the red, and short interest is more than 18 percent of the float. Shares ended the trading session Wednesday at $14.27, after rising almost 43 percent since the beginning of the year.Ryman Hospitality
As March came to a close, the CEO bought more than 16,600 shares of Ryman Hospitality Properties Inc (NYSE: RHP). At $60.83 per share, that came to more than $1 million, and the transaction brought his stake in this Nashville-based real estate investment trust to almost 892,000 shares.This $3.1 billion market cap hotel and convention center operator has a long-term EPS growth forecast of about 20 percent and a return on equity of more than 20 percent. Shares have pulled back from a recent multiyear high and ended Wednesday at $61.94, or up more than 17 percent year to date.See also: Did Lumber Liquidators Know An Investigation Was Coming?Vanguard National Resources
The chief executive officer, chief financial officer and one other executive accumulated more than 67,600 shares of this Houston-based oil and gas company last week. At a share price of $14.22, that cost them more than $622,000. Quarterly EPS fell short of consensus estimates in early March.The market cap of Vanguard Natural Resources, LLC (NASDAQ: VNR) is around $1.1 billion, and its dividend yield is near 9.9 percent. The operating margin is better than the industry average. At Wednesday's close of $13.89, shares were almost 8 percent lower year to date.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.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.