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.
Jim Cramer spoke on CNBC's "Mad Money" about Starbucks Corporation (NASDAQ:SBUX). His charitable trust fund owns it. When the stock was trading at $64, Cramer advised his viewers to sell it. He also recommended it as a buy, when it dropped to $53. The company is going to enter the Chinese market and it has a problem with domestic same stores sales in the United States.
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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Manitowoc Company Inc (NYSE:MTW) is fine, thinks Cramer. He added the company won't accomplish anything with its reverse stock split, so it shouldn't do it.
Cramer thinks Skechers USA Inc (NYSE:SKX) is a good long-term story, but it's under pressure because of Amazon.com, Inc. (NASDAQ:AMZN).