January 4, 2012 12:22 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 The Andersons (NASDAQ: ANDE) are lower on the session by 1.87%, currently trading at $43.49. The stock has been moving largely higher over the past three months 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 $40.00 put, which has traded 1,000 times on open interest of 1,068 contracts. Put volume is outpacing call volume by 26 to 1. The Andersons, Inc. is a diversified company with interests in the grain, ethanol and plant nutrient sectors of the United States agriculture, as well as in railcar leasing and repair, turf products production and general merchandise retailing.
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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