July 19, 2011 1:55 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 Flextronics International (NASDAQ: FLEX) are higher on the session by 2.52%, currently trading at $6.30. The stock has been moving largely lower over the past five 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 August 2011 $7.00 call traded 1,600 times on open interest of 716 contracts. Overall call volume is now running at 3.91x the daily average with 90% of all calls traded being purchases on the offer. Flextronics International Ltd. is a global provider of vertically integrated advanced design and electronics manufacturing services to original equipment manufacturers.
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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