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", Mike Khouw spoke about high options activity in Tesla Inc (NASDAQ:TSLA). The options trading volume in the name was two times its average daily options volume, which made it the busiest single stock option.
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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The most of that activity was concentrated in the August 10 expiry, 380 strike calls. Over 11,000 contracts were purchased for $5.50. The breakeven for the trade is at $385.50 or approximately 4 percent above the current market price.