27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Pete Najarian said on CNBC's "Fast Money Halftime Report" we had a buyer of 20,000 contracts of the August $83 calls going for anywhere between 71 cents and 78 cents. It was a huge trade, looking for a big break out in Snap, he added.
Square Inc (NYSE:SQ) was also active in the first half of the session on Monday. Traders bought 10,000 contracts of the August 13, $290-strike calls going anywhere between $1.30 and $3.40.
Najarian is back in Snap and he is also in Square. He's planning to ride these until they expire unless they move so much that he has got to take them off.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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