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 Alcoa Corp (NYSE:AA). He noticed that the January $14 calls were pretty aggressively accumulated during the session on Friday.
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Najarian decided to follow the trade and buy these calls. He paid 77 cents for them so the trade breaks even at $14.77 or more than 27% above the closing price on Friday. Najarian is planning to hold the position for two months or maybe a little bit longer.
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.