27% profits every 20 days?
This is what Nic Chahine averages with his options 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," Mike Khouw said there is usually a lot of activity in the options market ahead of a catalyst for a stock.
In Splunk Inc (NASDAQ:SPLK), there was a lot of activity after the company reported a disappointing earnings report. Splunk traded more than 38 times its average daily call options volume on Thursday and most of that activity was concentrated in December 4 expiry.
Traders were buying the December $160, $165 and $170 strike calls, betting there could be some intraday volatility. Khouw thinks this is one of the situations when traders can use options to their advantage.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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!