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.
Applied Optoelectronics Inc (NASDAQ:AAOI) shares are trading higher by $6.40 at $44.29 in Wednesday's session.
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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After Tuesday's close, the company reported a Q3 adjusted EPS beat of 6 cents along with a sales beat of $1.4 million. At this time, the Street isn't concerned with its lower Q4 guidance.
After a higher open, AAOI had a $1.00 retreat to $39.10 before continuing its move higher. The ensuing rally took the stock to $44.64 and it's not far off that level. That high coincides with its Oct. 18 high ($44.59), but is shy of its Oct. 17 high ($45.50).