On CNBC's "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Bank of America Corp (NYSE:BAC).
He said somebody decided to roll up some profits. The trader took profits in the December 27.50 calls and bought the December 28.50 calls.
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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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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Najarian added that there was also a high options activity in Financial Select Sector SPDR Fund (NYSE:XLF) as 122,000 calls were bought.