Notable Call Options Activity in Owens Corning - Owens-Corning (NYSE:OC)

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 Owens Corning (NYSE: OC) are lower on the session by 3.34%, currently trading at $27.21. The stock has been moving largely lower over the past five weeks and is currently testing the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the December 2011 $28.00 call, which has traded 800 times on open interest of 2,505 contracts. Calls are outpacing puts today by 10 to 1. Owens Corning is a producer of glass fiber reinforcements and other materials for composites and of residential and commercial building materials.

27% profit every 20 days?

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