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 that Texas Instruments Incorporated (NASDAQ:TXN) traded more than four times the average daily call volume on Tuesday. That was a result of a large trade in the September expiration calls.
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: Option Traders Make Big Bullish Bets On AMD, Texas Instruments
An options trader bought over 8,700 contracts of the September $120 calls, paying around $9 per contract for them. The trade breaks even at $129 or 5.16% above the closing price on Tuesday. Khouw explained that this is a big bullish bet as the trade would turn into around $105 million worth of stock.