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.
On CNBC's "Fast Money Halftime Report", Jon Najarian spoke about unusually high options activity in Discovery Communications Inc. (NASDAQ:DISCA) and American Airlines Group Inc (NASDAQ:AAL).
Around 5,000 contracts of the March 22.50 calls were traded in Discovery Communications as it spiked almost 5 percent Friday. Najarian bought the calls and he is planning to hold them for a month.
Options traders were also buying calls in American Airlines Group Inc (NASDAQ:AAL). They were buying the Dec. 22 expiration, 50.50 strike calls. Najarian followed the trade and he is going to hold the position until Wednesday.
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.
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!