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 "Mad Money Lightning Round," Jim Cramer said his charitable trust fund owns Schlumberger Limited (NYSE:SLB) and the position was disappointing. Instead of Schlumberger, he would buy BP plc (NYSE:BP).
Cramer doesn't want to buy PBF Energy Inc (NYSE:PBF).
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Instead of Applied Materials, Inc. (NASDAQ:AMAT), Cramer would rather buy Lam Research Corporation (NASDAQ:LRCX). He thinks both companies are going to do well, but he expects Lam Research to perform better.
Targa Resources Corp (NYSE:TRGP) is way too dangerous, said Cramer. High yield is not a good sign.
There are massive headwinds right now for HP Inc. (NYSE:HPQ), said Cramer. He can't recommend it at the moment and he needs to see a better quarter than the last one.
Cramer is not a buyer of Mallinckrodt PLC (NYSE:MNK). He wants to own quality names instead.
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.