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 "Fast Money Halftime Report", Pete Najarian spoke about unusual options activity in AT&T Inc. (NYSE:T) and TRI Pointe Group Inc (NYSE:TPH).
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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Around 10,000 contracts of the January $39 calls in AT&T were bought for around 60 cents, said Najarian. The trade breaks even at $39.60 or 7.73% above the closing price on Wednesday.
About 3,000 contracts of the January 15 calls in TRI Pointe Group Inc (NYSE:TPH) were traded for a dollar. The breakeven for the trade is at $16 or 6.24% above the current stock price.