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 "Options Action", Dan Nathan spoke about high call options activity in Freeport-McMoRan Inc (NYSE:FCX). He said that calls outnumbered puts 2 to 1 on a day when the stock reached its new 52-week high.
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The largest trade in the name was the purchase of 5,000 contracts of the January 17.50 puts for 26 cents. The trade breaks even at $17.24 or 7.76 percent below the current market price. Nathan believes this trade is a short-term protection for a long stock position.
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.