Notable Put Options Activity in Sysco - Sysco (NYSE:SYY)

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 Sysco (NYSE: SYY) are higher on the session by 1.12%, currently trading at $27.50. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the May 2012 $25.00 put traded 9,400 times on open interest of 5,020 contracts. The Dec2011 $28.00 put also traded 2,000 times on 505 contracts. Put volume is outpacing call volume by 12 to 1. Sysco Corporation, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry.

27% profit every 20 days?

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