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 "Trading Nation," Todd Gordon of TradingAnalysis.com suggested a bullish options strategy in Advanced Micro Devices, Inc. (NASDAQ:AMD).
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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Gordon thinks it's more expensive than NVIDIA Corporation (NASDAQ:NVDA) by forward price-to-earnings ratio, but he's looking ahead to the release of Zen 3 CPUs. The company is also gaining market share from Intel Corporation (NASDAQ:INTC).
Gordon owns the stock and he would add to the position on this pullback. He wants to buy the November $85/$100 call spread for $4.18. The trade breaks even at $89.18 or almost 10% above the closing price on Tuesday. If the stock jumps to $100 or higher, the trade is going to reach its maximal profit of $10.82.