December 20, 2011 11:58 AM | 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 Lam Research Corp. (NASDAQ: LRCX) are rising on heavy volume Tuesday. The stock has gained 4.22% to $36.33. Around 3.4 million LRCX shares have already traded on the day compared to a 3-month daily average of just over 3 million. This move could have legs as LRCX shares have fallen precipitously over the last week from above the $42.00 level and appear oversold in the near-term. The stock is close to taking out its highs from last Friday in the $36.50 range, and if this level is broken to the upside it could run for a couple of more percentage points into the afternoon. Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. Lam Research designs, manufactures, markets, refurbish, and services semiconductor processing equipment used in the fabrication of integrated circuits.Traders who want to stay up to date on all of the latest stock market movers can get a free trial to Benzinga's realtime news feed, Benzinga Pro,
here.
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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