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 "Options Action," Carter Worth suggested traders should consider a catch-up trade in iShares MSCI Japan ETF (NYSE:EWJ).
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
He compared the performance of the ETF with the performance of Ishares Msci Taiwan ETF (NYSE:EWT) and Ishares Msci South Korea ETF (NYSE:EWY) and he concluded that EWJ is lagging behind these ETFs. He expects EWJ to catch up with EWT and EWY and he sees a 6% to 8% of upside potential.
Mike Khouw wants to use options to trade EWJ. He wants to buy the January $63 call for 65 cents and sell the November $63 call for $20 cents. The trading structure would cost him 45 cents and he is hoping the stock is going to close below $63 at the November expiration and then rally above $63.45, going into the January expiration.