December 29, 2011 11:59 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 XL Group (NYSE: XL) are higher on the session by 1.62%, currently trading at $20.04. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the January 2012 $20.00 call, which has traded 1,100 times on open interest of 3,647 contracts. Calls are outpacing puts today by 100 to 1. XL Group plc through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and, professional firms, insurance companies and other enterprises on a worldwide basis.
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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