Notable Put Options Activity in Forest Laboratories

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 Forest Laboratories (NYSE: FRX) are lower on the session by 1.19%, currently trading at $30.28. The stock has been moving largely higher over the past three weeks 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 $30.00 put, which has traded 3,150 times on open interest of 8,813 contracts. Put volume is outpacing call volume by 37 to 1. Forest Laboratories, Inc. develops, manufactures and sells branded forms of ethical drug products, most of which requires a physician's prescription.

27% profit every 20 days?

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