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," Mike Khouw said calls outpaced puts in Newmont Corporation (NYSE:NEM) by about 2.5 to 1 and the most active options on Monday were the January $65 calls, as 2,800 contracts were traded for $1.50.
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Buyers of these calls are betting Newmont will trade above $66.50 by the January expiration, which is 8.24% higher than the closing price on Monday. Khouw said he also noticed unusual options activity in VanEck Vectors Gold Miners ETF (NYSE:GDX), SPDR Gold Trust (NYSE:GLD) and gold futures.
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.