July 18, 2011 1:56 PM | 1 min read |
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.
Shares of Shuffle Master (NASDAQ: SHFL) are lower on the session by 1.85%, currently trading at $9.01. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.Options traders are buying calls on the name today. A short while ago the November 2011 $12.00 call traded 1,000 times on open interest of 12 contracts. Overall call volume is now running at 68.13x the daily average with 99% of all calls traded being purchases on the offer. Shuffle Master, Inc. is engaged in developing, manufacturing and marketing technology and entertainment-based products for the gaming industry for placement on the casino floor.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.