December 7, 2011 3:13 PM | 1 min read |
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 Xilinx (NASDAQ: XLNX) are lower on the session by 0.18%, currently trading at $33.13. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $30 put, which has traded 5,100 times on open interest of 6,390 contracts. Large lots are active in Dec2011 and Jan2012.Put volume is outpacing call volume by 10 to 1. Xilinx, Inc. designs, develops and markets programmable platforms. In addition to its programmable platforms, Xilinx provides design services, customer training, field engineering and technical support.
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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