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 "Fast Money Halftime Report," Jon Najarian said options traders were buying the May $40 calls in Abercrombie & Fitch (NYSE:ANF) during the session on Thursday. He bought these calls too and if the stock trades higher, he's going to sell some upside calls against them.
When Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) was trading around $115, options traders were buying the regular May expiration $120 calls, said Najarian.
Juniper Networks, Inc. (NYSE:JNPR) also caught Najarian's attention as around 3,200 contracts of the May $26.73 calls were traded on Thursday. He is in these calls as well and he is going to hold the position for a week to two weeks.
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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