June 21, 2011 12:43 PM | 1 min read |
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.
Shares of Tempur-Pedic International (NYSE: TPX) are higher on the session by 2.44%, currently trading at $65.03. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the August 2011 $75.00 put was purchased 3,000 times, on the offer, on open interest of 0 contracts.Overall put volume is now running at 3.55x the daily average with 96% of all puts traded being purchases on the offer. Tempur-Pedic International Inc. is a manufacturer, marketer and distributor of mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands. The company has two segments: North America and International.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.