November 16, 2010 12:00 PM | 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.
Shares of Chicago Bridge & Iron N.V. (NYSE: CBI) are lower on the session by 4.84%, trading at $26.72.Overall put volume is now running at 3.78x the daily average, with 73% of all puts traded being purchases on the offer. 1,014 contracts have traded on the session so far. Chicago Bridge & Iron N.V. is an engineering, procurement and construction company and process technology licensors, delivering solutions to customers in the energy and natural resource industries. During the year ended December 31, 2009, CB&I executed over 600 projects in more than 70 countries for customers in a variety of industries. The company is comprised of three business sectors: CB&I Steel Plate Structures, CB&I Lummus, and Lummus Technology.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.