December 19, 2011 1:33 PM | 1 min read |
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.
Shares of IAC/InterActiveCorp. (NASDAQ: IACI) are lower on the session by 0.39%, currently trading at $41.37. The stock has been moving largely higher over the past three 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 $25 put, which has traded 2,500 times on open interest of 7,376 contracts. Put volume is outpacing call volume today. IAC/InterActiveCorp. is an Internet company with more than 50 brands serving consumer audiences across more than 30 countries. The company operates in four business segments: Search, Match, ServiceMagic, and Media and Other Businesses.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.