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.
AlphaShark's Andrew Keene spoke on Bloomberg Markets about his options trade in Citigroup Inc (NYSE:C).
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He said that the stock is hitting 52-week lows and it is trading 30 percent off its 52-week high. Keene is a buyer of the February 65 calls in the name and the premium for the calls is $0.45. The stock traded $65 two weeks ago, but Keene is looking just for a short-term move higher. If the stock jumps to $60, he is going to close the position. He thinks that the interest rate hike is going to happen and it is going to be good for the banks.
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.