On CNBC's "Options Action," Bonawyn Eison said that Skillz Inc (NYSE:SKLZ) has all the makings of a Reddit trade, with volumes five times what we typically see.
See Also: Skillz Makes A Bullish Breakaway And Options Traders Think There's More Where That Came From
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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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.
Calls outpaced puts two to one on Thursday in Skillz and most of those options were the April 23 expiration, $20 strike calls. Around 15,000 contracts were traded for 20 cents, which sets the breakeven for the trade at $20.20 or around 22% above the closing price on Thursday.
Related content: Benzinga's Full Unusual Options Calendar