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.
Jim Cramer said on CNBC's "Mad Money Lightning Round" that Broadcom Inc (NASDAQ:AVGO) got a lot of people spooked because it makes parts for Apple Inc (NASDAQ:AAPL) and people are worried about Apple. He finds Broadcom too cheap to sell.
Cramer recognizes the need to play the uranium cycle and stocks like Uranium Energy Corp. (NYSE:UEC), but he advised a viewer to hop off a uranium cycle at a certain point.
He loves Kontoor Brands Inc (NYSE:KTB), Levi Strauss & Co. (NYSE:LEVI) and Gap Inc (NYSE:GPS).
Canoo Inc (NASDAQ:GOEV) is dead money, said Cramer.
Chipotle Mexican Grill, Inc. (NYSE:CMG) is a buy and the company can pass on the increased wages costs, said Cramer.
DISCOVERY COMMUNICATIONS INC. (NASDAQ:DISCA) is just okay and that is not enough for Cramer to buy it.
Cramer said to a viewer that he can stay long Energy Transfer LP Unit (NYSE:ET), but he prefers Kinder Morgan Inc (NYSE:KMI) and Enterprise Products Partners L.P. (NYSE:EPD). The whole group is working, he added.
Ally Financial Inc (NYSE:ALLY) is still the cheapest financial, said Cramer. He would not sell it.
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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