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 spoke about high options activity in SmileDirectClub Inc (NASDAQ:SDC). He said around 8,000 contracts of the November $10 calls were traded in the name and he explained that the strike is right at the money.
See Also: SmileDirectClub Analysts Sound Optimistic Note After Rough First Month
Najarian has also noticed a large purchase of the October $44 calls in KraneShares CSI China Internet ETF (NYSE:KWEB). He explained that they expire in a week and they will be very sensitive to the news about tariffs.
Amarin Corporation plc (NASDAQ:AMRN) calls were also very active. Around 4,000 contracts of the November $17 calls were traded. Najarian followed the trade and he is going to hold it for a month.
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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