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.
Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in AbbVie Inc (NYSE:ABBV). He said that options traders bought aggressively the October 91 calls. He decided to follow the trade and he is planning to hold it for a week.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Pete Najarian noticed high options activity in Wynn Resorts, Limited (NASDAQ:WYNN). Around 2,500 contracts of the October 145 calls were traded in the first half of the trading session on Thursday. Najarian explained that good Macau numbers are pushing the stock higher. He owns calls and shares of Wynn Resorts and he is planning to hold them for 3 to 4 weeks.
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.