27% profits every 20 days?
This is what Nic Chahine averages with his options 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," Bonawyn Eison said that calls outpaced puts in Halliburton Company (NYSE:HAL) by about two to one on Thursday, but the open interest was evenly distributed. The options market is implying a 12.5% move in either direction between now and October.
Eison noticed one notable trade during the session. He said that 5,000 contracts of the October $14 calls were sold to close for $1.40. The trader took profits in the name as she or he sees the stock below $14.40 at the October expiration.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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