Bookkeeping: Buying Back some Seagate Technology (STX)


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.


I did not have a limit purchase order waiting unfortunately this morning in the $18s, so instead of buying in upper $18s I am buying back the Seagate Technology (STX) sold Monday in $20.60s in the $19.30s.  Adding a 1.25% allocation.  The thought process here worked perfect (sell a good portion of position since stock was nowhere near support, buy back at lower price) but execution could of been better.



Long Seagate Technology in fund; no personal position

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.


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Posted In: Computer Storage & PeripheralsInformation Technology