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.
Dan Nathan spoke on CNBC's "Options Action" about high options activity in Square Inc (NYSE:SQ). He said that calls outnumbered puts 1.5 to 1 and nine of the 10 most active strikes were call options.
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There was one trade that caught Nathan's attention. It was the second most active strike of the day. Somebody bought around 3,500 contracts of the January 50 puts for $1.60. The trade breaks even at $48.40 or 23.14 percent below the current stock price.
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.