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.
On CNBC's "Options Action," Chris Verrone said CVS Health Corp (NYSE:CVS) is a stock that is bottoming and getting better.
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.
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!
When a prior resistance becomes support, it speaks to an improving technical picture, he added. The 50-day and 200-day moving averages are up, and Verrone sees the stock moving up to $77 first and then to $90. He likes the stock on the improving technical picture.