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 "Options Action," Mike Khouw said he was looking at Agnico Eagle Mines Ltd (NYSE:AEM) on Monday. He saw two times the average daily options volume in the name.
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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He added that the November $50 puts were very active. During the session, Khouw noticed a purchase of 500 contracts of the November $50 puts for $1.20. The trade breaks even at $48.80 or around 9% below the closing price on Monday.