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," Tony Zhang said he saw some unusual activity in Energy Select Sector SPDR Fund (NYSE:XLE) on Wednesday. It usually trades fairly actively, with an average volume of around 210,000 contracts per day, but on Wednesday, it was pretty quiet as only a little bit more than 100,000 contracts were traded.
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Zhang saw one large, unusually bearish trade during the session. A trader laid out more than a quarter of a million dollars to buy 1,347 contracts of the September $44 puts for $2.02. The trade breaks even at $41.98 or 14.59% below the closing price on Wednesday.
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.