November 11, 2010 8:12 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.
Vermillion, Inc. (Nasdaq: VRML) today reported financial results for the third quarter ended September 30, 2010.Total revenues for the third quarter of 2010 were $413,000 compared to none for the third quarter of 2009 and $344,000 for the second quarter of 2010. The Company's net loss for the third quarter of 2010 was $2.7 million, compared to $11.0 million for the same period in 2009. Net loss for the third quarter of 2010 included non-cash expenses of approximately $1.2 million in stock-based compensation expense ($828,000 related to the Debtor's Incentive Plan) and $980,000 in other income resulting from the fair value revaluation of common stock warrants. Basic and diluted net loss per share for the third quarter of 2010 was $0.26 per share based on 10.5 million weighted average shares outstanding, compared to a basic and diluted net loss of $1.72 per share based on 6.4 million weighted average shares outstanding for the same period in 2009.
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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