September 9, 2011 11:26 AM | 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 The Kroger Co. (NYSE: KR) are lower on the session by 6.94%, currently trading at $21.73. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the October 2011 $21.00 put traded 3,100 times on open interest of 686 contracts. Put volume is outpacing call volume by 4 to 1. The Kroger Co. is a retailer in the United States. The company also manufactures and processes some of the food for sale in its supermarkets. As of January 29, 2011, the company operated 2,460 supermarket and multi-department stores under banners, which included Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's.
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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