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.
On CNBC's "Fast Money Halftime Report," Jon Najarian said traders bought 15,000 contracts of the November $55 calls in IAA Inc (NYSE:IAA). He likes the trade and he decided to follow it. He is planning to hold it for two months.
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Xtrackers Harvest CSI 300 China A-Shares ETF (NYSE:ASHR) was also pretty active as around 5,000 contracts of the January $36 puts were traded. Najarian joined the trade and he is going to hold these puts for two months.
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.