September 1, 2011 2:55 PM | 1 min read |
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 AutoNation (NYSE: AN) are higher on the session by 0.45%, currently trading at $40.56. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.Options traders are focusing on calls today. A short while ago the January 2012 $30.00 call traded 1,200 times on open interest of 1,752 contracts. Calls are outpacing puts today by 26 to 1. AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. As of December 31, 2010, the company owned and operated 242 new vehicle franchises from 206 stores located in the United States, in metropolitan markets in the Sunbelt region. Its stores sell 31 different brands of new vehicles.
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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