27% profits every 20 days?
This is what Nic Chahine averages with his options 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," Mike Khouw said that less than 2% of the non-penny stocks of the Russell 2000 have implied volatilities of over 100% and GameStop Corp. (NYSE:GME) is one of them, with forward 30-day volatility of 170%. The options market is implying a move of 11.50% in either direction by Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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See Also: Those Still Shorting Gamestop, AMC Are 'Out Of Their Mind,' Says Cramer
The options volume on Wednesday was 2.7 times the average daily options volume as around 350,000 contracts were traded. The most active options were the May $250 calls. They were trading for around $14 and buyers of those were betting that the stock can finish the week above $264 or around 9% above the closing price on Friday.