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.
Acacia Communications's Stock Price And Volume Action
Acacia Communications (NASDAQ:ACIA) is currently up 31.85% to a price of $113.89. The stock's current volume for the day is 6.40 million, which is approximately 399.14% of its previous 30-day average volume of 1.60 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: Acacia Communications shares are trading higher after CNBC reported the company has entered into a new deal to be acquired by Cisco for $115 per share.
Perspective On Recent Price Action
The 50-day moving average price of Acacia Communications's stock was $71.25 when this article was published. The stock reached a high of $86.98 and a low of $60.62 in the past 52 weeks.
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.