Puts Purchased on HeartWare International

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 HeartWare International (NASDAQ: HTWR) are lower on the session by 1.74%, currently trading at $66.80. 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 puts on the name today. A short while ago the December 2011 $65 put traded 1,100 times on open interest of 20 contracts. Overall put volume is now running at 20.36x the daily average with 100% of all puts traded being purchases on the offer. HeartWare International, Inc. develops and manufactures small implantable heart pumps, or ventricular assist devices, for the treatment of advanced heart failure.

27% profit every 20 days?

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