January 3, 2012 2:18 PM | 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 Quiksilver (NYSE: ZQK) are higher on the session by 2.49%, currently trading at $3.70. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the August 2012 $5.00 call, which has traded 1,000 times on open interest of 2,020 contracts. Calls are outpacing puts today by 1,000 to 1. Quiksilver, Inc. is a diversified company that designs, develops and distributes branded apparel, footwear, accessories and related products, catering to the casual, youth lifestyle associated with the sports of surfing, skateboarding and snowboarding.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.