Notable Put Options Activity in MetroPCS Communications

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 MetroPCS Communications (NYSE: PCS) are lower on the session by 3.41%, currently trading at $9.07. The stock has been moving largely higher over the past six 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 $10.00 put, which has traded 6,450 times on open interest of 230 contracts. Put volume is outpacing call volume by 32 to 1. MetroPCS Communications, Inc. is a wireless telecommunications provider in the United States measured by the number of subscribers served.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!