On CNBC's "Fast Money Halftime Report," Pete Najarian said he bought stock in Vertiv Holdings (NYSE:VRT). He said it’s a really interesting company and seen some unusual options activity, but chose to buy the stock instead and will be selling options against his stock position.
“I like the company, I like where they’re positioned and I think I can sell options against this for a while and continue to just hold on to this stock,” Najarian said Friday afternoon.
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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He also went on to note that Vertiv doesn't have to move in an explosive way and he doesn’t expect it to.
He said he also bought calls in Zillow (NYSE:Z) (NYSE:ZG) partially after Gene Munster enlightened him on the company as one of those names that most people don't think of that has a lot of upside.
On-screen it showed Najarian also bought calls in FireEye (NASDAQ:FEYE) and Hostess Brands (NASDAQ:TWNK) but did not comment on his positions verbally.
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.