Shares of Citigroup Inc. (NYSE:C) have been getting pummeled. At the beginning of the month, they were trading around $80 and now they're trading around $70.
But they're oversold and at support, which means there’s a chance they stage some kind of rebound.
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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There was resistance at the $69 level in January. Then the level converted into support. This is where C found a bottom in March and April. Both of those times were followed by a rebound.
There’s a chance they rebound again off of this important level, but if they don’t and the support breaks, a rapid and large move lower may follow.
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.