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," Jon Najarian said he saw unusually high options activity in the Nov. $39 calls in iShares FTSE/Xinhua China 25 Index (NYSE:FXI). Almost 16,000 contracts were traded and Najarian followed the trade. He is going to hold the position for two months.
He also noticed a purchase of the Nov. $55 puts in Agnico Eagle Mines Ltd (NYSE:AEM) and he jumped in the trade. He is planning to hold them for two months.
See Also: What The Option Market Is Saying About General Electric Following Fraud Allegations
Pete Najarian spoke about options activity in Industrial Select Sector SPDR Fund (NYSE:XLI). Traders were buying the Aug. $72 puts. Around 5,000 contracts were traded for $1.10. Pete Najarian bought the put options in the name.
Bank of America Corp (NYSE:BAC) options were also active on Thursday. Around 12,000 contracts of the Oct. $28 calls were traded. Pete Najarian already owns the stock and he wants to sell these calls because of high implied volatility. He sees the high options activity as a bullish sign.
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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