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.
The Price And Volume Action In Snap's Stock Today
Snap’s (NYSE:SNAP) stock is trading up 8.82% to a price of $53.12. Tuesday the stock has been traded at a volume of 12.86 million, about 63.79% of its recent 30-day volume average of 20.16 million.
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Why It’s Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: SNAP shares are trading higher after Goldman Sachs maintained a Buy rating on the stock and raised its price target from $47 to $70.
Further Analysis of Recent Price Action
The moving average price of the stock over the past 50 days was $44.2 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $54.71 and as low as $7.89.
If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
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.