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.
ACTION ITEMS:
Bullish:
Traders who believe that RIM might rebound want to consider the following trades:
Traders who believe that RIM is in for more pain may consider alternative positions:
Bullish:
Traders who believe that RIM might rebound want to consider the following trades:
- January calls that are in the money or not far out. RIM is volatile enough to make this a decent trade
- Long the stock outright with a long-term holding period to bet on a takeover.
- Pray for a miracle.
Traders who believe that RIM is in for more pain may consider alternative positions:
- Short the First Trust NASDAQ CEA Smartphone ETF (Nasdaq: FONE) of which RIM is a component.
- Sell the January 17 or higher calls for income. If today's number is bad, it's unlikely those options will come into the money
- Buy Apple (Nasdaq: AAPL) or Google, the companies that have been benefiting from RIM's demise.
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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