Notable Call Options Activity in Exeter Resource

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 Exeter Resource (AMEX: XRA) are higher on the session by 14.10%, currently trading at $5.18. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. A short while ago the October 2011 $5 call traded 3,450 times on open interest of 94 contracts. Calls are active on several other strikes in Nov and Feb as well. Calls are outpacing puts today by 11 to 1. Exeter Resource Corporation is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral properties located in Chile.

27% profit every 20 days?

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!