December 31, 2010 11:15 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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 China GengSheng Minerals, Inc. (AMEX: CHGS) are trading up 20.8% at $5.05 per share during the Friday morning trading session.The day's trading range for shares of China GengSheng Minerals, Inc has been between $4.51 and $5.25 per share.Analysts covering China GengSheng Minerals, Inc. (CHGS) stock give it a consensus price target of $2.37 per share.Trading volume for China GengSheng Minerals, Inc has been extremely heavy, with 8.5 million shares having been traded today, nearly 9 times the daily average volume of 987,000 shares.China GengSheng Minerals, Inc Minerals, Inc. develops, manufactures and markets a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics, fracture proppants and fine precision abrasives.China GengSheng Minerals, Inc sells its products primarily to the iron and steel industry as heat-resistant components for steel-making furnaces, industrial kilns and other high-temperature vessels to guarantee and improve the productivity of those expensive pieces of equipment, while reducing their consumption of energy.Read more
from Benzinga's Company news.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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