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.
On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about unusually high options activity in LendingClub Corp (NYSE:LC) and Freeport-McMoRan Inc (NYSE:FCX).
LendingClub traded sharply lower Thursday, but options traders were buying calls. Around 9,000 contracts of the November 6 calls were traded in the first half of the session. Najarian decided to follow the trade and he is going to hold the position for two weeks.
There was also a big call options volume in Freeport-McMoRan. Around 8,000 contracts of the January 16 calls were bought. Najarian likes the trade, but he decided to buy the January 14/16 call spread. He is going to be in the position for two months.
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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