September 20, 2011 2:02 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 Rackspace Hosting (NYSE: RAX) are lower on the session by 0.37%, currently trading at $37.62. The stock has been moving largely higher over the past month and has been hovering around the 50-day moving average; it is currently below the 50-day simple moving average.Options traders are focusing on puts today. At last check, Rackspace Hosting had 9,199 open put option contracts but only 428 open call option contracts.Put option volume is outpacing call option volume today by 21.5 to 1.Rackspace Hosting operates in the hosting and cloud computing industry. It offers its products under the Fanatical Support brand as well as Rackspace Cloud and the Critical Sites to serve the Enterprise market.
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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