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.
RSP Permian Inc (NYSE: RSPP) shares are trading higher by $0.60 at $42.35 in Friday's session. The Street is showing its approval of its purchase of Silver Hill Energy Partners for $2.4 billion.
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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The acquisition will boost its 2016 view. The company also announced a 22 million share offering at $39.75.
Following a lower open, it went only $0.03 lower to $40.70 before sharply reversing course. The ensuing rally has taken the issue to a new all-time high ($42.72), eclipsing the old high made on Thursday at $42.56. In order to post a new all-time closing high, the issue will need to close above Wednesday's close of $41.86.