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.
The Price And Volume Action In Open Text's Stock Today
Open Text (NASDAQ:OTEX) is currently up 3.84% to a price of $49.54. Friday the stock has been traded at a volume of 189.00 thousand, about 35.93% of its recent 30-day volume average of 525.98 thousand.
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Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Open Text shares are trading higher after the company reported better-than-expected Q2 EPS and sales results.
Further Analysis of Recent Price Action
The stock's 50-day moving average was $45.58 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $47.84 and fallen to a low of $29.11.
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.