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.
Jeff Mills spoke on CNBC's "Fast Money" about Walt Disney Co (NYSE:DIS). He is impressed by the company's ability to execute properly and he thinks that it is going to continue to do so.
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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The stock is down 30% year-to-date and it is trading 24% below its 200-day moving average, said Mills. He sees some room to recover because the market is trading only 7% below its 200-day moving average. The current valuation of 16 time trailing earnings is below the 23 multiple from the end of the last year and its 15-year average is 18, which makes Mills confident that the stock is undervalued.
Mills understands that the business is going to be challenged, but he thinks that a lot of bad news is already reflected in the price. The company is going to be around for a long time and Mills wants to own it at its current price.