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 "Fast Money Halftime Report", Pete Najarian spoke about unusually high options activity in Beazer Homes USA, Inc. (NYSE:BZH).
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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See Also: Large Option Trader Selling The Beazer Homes Rally
He said= somebody bought 10,500 contracts of the Nov. 11 calls for around $1. The trade breaks even at $12 or 19.52 percent above the current stock price. Instead of buying calls, Najarian decided to buy the stock and use the call options with inflated implied volatility to sell them against the long stock position.