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", Dan Nathan spoke about Netflix, Inc. (NASDAQ:NFLX), ahead of earnings report. The company is going to report earnings on Thursday after the market's close and the options market is implying a move of 8.5 percent in either direction. Over the last four quarters, its average move was 7.5 percent.
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Nathan added that the implied move has come down after the huge move higher this week. He thinks the stock is going to trade between $15 to $20 lower and he would sell it.
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.