May 25, 2011 10:34 AM | 1 min read
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.
Shares of Watson Pharmaceuticals, Inc. (NYSE: WPI) are higher on the session by 0.89%, currently trading at $62.39. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.Options traders are buying calls on the name today. A short while ago the June 2011 $60.00 call was purchased 1,000 times, on the offer, on open interest of 220 contracts. Overall call volume is now running at 2.17x the daily average with 83% of all calls traded being purchases on the offer. Watson Pharmaceuticals, Inc. is an integrated global pharmaceutical company engaged in the development, manufacturing, marketing, sale and distribution of generic and brand pharmaceutical products.
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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