On CNBC's "Fast Money Halftime Report," Jon Najarian said traders were aggressively buying the December $15.50 calls in Teck Resources Ltd (NYSE:TECK) on Wednesday. They picked the $15.50 strike, although the price has already jumped above that level. Najarian followed the trade and he is going to hold the position until the December expiration.
Sanofi SA (NASDAQ:SNY) was also active. Traders were buying the January $48 calls. The expiration is covering the J.P. Morgan Healthcare Conference.
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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See Also: Target Option Traders Turn Bearish Following Big Holiday Shopping Weekend
Pete Najarian noticed a big volume in the December $20 calls in JetBlue Airways Corporation (NASDAQ:JBLU). Almost 30,000 contracts were traded in the first half of the session.
Around 2,500 contracts of the April $18 calls were traded in Nuance Communications Inc. (NASDAQ:NUAN) for $1.15. The trade breaks even at $19.15 or 9.12% above the current stock price.
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.