February 3, 2011 10:57 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.
BB&T Capital is out with a report on the banana market after Cyclone Yasi hit Queensland.In a note to clients, BB&T Capital writes, "Queensland, Australia, which is the locus of the continent's banana and sugar production, was recently devastated by Category 5 Tropical Cyclone Yasi. It is unclear how much of its production has been damaged, but very substantial damage is expected. Cyclone Larry took out nearly all of the region's banana production and 50% of sugar production in 2006 and it was just a Category 4. Should the damage from Yasi be as severe as expected, we would expect the country to import once more, likely from the Philippines again. This would serve to further tighten the global market as the Philippines may divert fruit from key Asian markets such as Japan, South Korea, and Iran. Dole (NYSE: DOLE) and Fresh Del Monte (NYSE: FDP) are the most exposed to those markets. None of the multinationals have production in Australia."At the time of posting, shares of DOLE were trading at $14.16, down 0.42% from Wednesday's close.At the time of posting, shares of FDP were trading at $26.60, up 0.15% from Wednesday's close.At the time of posting, shares of FDP
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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