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 "Trading Nation", Todd Gordon suggested that traders should consider a bullish options strategy in Lockheed Martin Corporation (NYSE:LMT).
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He noticed on its chart a bullish technical pattern, called a bull flag and he wants to use options to make a bullish bet. Gordon wants to buy the May 320/330 call spread for $1.78. The trade breaks even at $321.78 and it can make a maximal profit of $8.22. If the premium drops 50 percent, Gordon is going to activate a stop loss and close the trade.
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.