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 unusually high options activity in Verizon Communications Inc. (NYSE:VZ). He said the total options volume was two times the average daily options volume and he noticed one large trade shortly after the market open.
When the stock was trading at around $60, there was a buyer of the September 62.50 calls for $1.50. The trade breaks even at $64 at the September expiration or 8.33 percent above the closing price on Thursday.
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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