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.
Odyssey Capital Advisors' Jason Snipe on CNBC's "Halftime Report" discussed his recent buys, which are AutoZone, Inc. (NYSE:AZO) and Wayfair Inc. (NYSE:W).
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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On Autozone: Snipes believes there are fundamental tailwinds ahead, which will help the company continue to grow. He mentions gas prices are lower and the airline industry is being hit, which all play a beneficial factor for Autozone.
On Wayfair: Snipe believes amid the pandemic, the stay-at-home theme and work from anywhere will continue to benefit as time goes on. He also believes because Wayfair is a pure e-commerce play, that will continue to play for them.