April 5, 2011 12:25 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.
Eaton Vance Senior Floating-Rate Trust (NYSE: EFR), a closed-end management investment company, today announced the earnings of the Trust for the three months ended January 31, 2011. The Trust's fiscal year ends on October 31, 2011.For the three months ended January 31, 2011, the Trust had net investment income of $8,869,171 ($0.263 per common share). From this amount, the Trust paid dividends on preferred shares of $95,973 (equal to $0.003 for each common share), resulting in net investment income after the preferred dividends of $8,773,198 or $0.260 per common share. In comparison, for the three months ended January 31, 2010, the Trust had net investment income of $9,329,843 ($0.277 per common share). From this amount, the Trust paid dividends on preferred shares of $65,474 (equal to $0.002 for each common share), resulting in net investment income after the preferred dividends of $9,264,369 or $0.275 per common share.
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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