27% profits every 20 days?
This is what Nic Chahine averages with his options 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 GrubHub Inc (NYSE:GRUB). He said that put options volume was three times the call options volume and the most active were the September 50 puts.
Around 9,000 contracts of the Sept. $50 puts were traded in small lots on Thursday. The average price was $1.28, which sets the breakeven at $48.72 or around 18% below the current stock price.
GrubHUb's stock traded higher by 1.7% at $59.49 at time of publication.
Related Links:
Analyst Calls GrubHub's Q2 'Good Enough'
What The Option Market Is Saying About General Electric Following Fraud Allegations
Photo courtesy of GrubHub.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!