January 14, 2011 4:51 PM | 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 Shen Zhou Mining & Resources, Inc. (AMEX: SHZ) ended the Friday trading session down 7.6% at $8.14 per share.The day's range for shares of China Shen Zhou Mining & Resources, Inc was between $8.10 and $8.65 per share.Volume of 2.3 million shares was well below the daily average volume of 3.8 million shares.China Shen Zhou Mining & Resources, Inc. (SHZ), through its subsidiaries, is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China.The company has the following principal areas of interest in China: (a) fluorite extraction and processing in the Sumochaganaobao region of Inner Mongolia; (b) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia; and (c) zinc/copper exploration, mining and processing in Xinjiang.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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