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.
Mike Khouw suggested on CNBC's "Options Action" a bullish options trade in Amazon.com, Inc. (NASDAQ:AMZN).
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The stock crossed $2,000 price mark and it reached its all-time high last week. Khouw thinks it might continue to move higher and reach the market cap of $1 trillion. He wants to use options to make a bullish bet. Specifically, he wants to buy the October 2,050/2,100 call spread for a total cost of $18. The trade breaks even at $2,068 or 2.77 percent above the current market price and it can maximally make a profit of $32.
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.