November 8, 2010 4:45 AM | 1 min read |
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.
Houston, Texas based independent oil and natural gas company ATP Oil & Gas Corporation (Nasdaq: ATPG) on Monday morning released financial results that failed to meet Wall Street expectations.ATP Oil & Gas Corporation reported that its 3rd quarter net loss widened to $58.4 million, or $1.15 per share, from a net loss of $9.1 million, or 20 cents per share, a year earlier.The company's revenue rose to $101.12 million, up from $75.01 million a year earlier.A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of an expected loss of 58 cents per share, on revenue of $121.4 million.ATP Oil & Gas Corporation (ATPG) ended the previous trading session at $15.11 per share. Analysts covering the company's stock have a consensus price target of $14.56 per share.Read more
from Benzinga's Company news.
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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