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 the October 7 calls in Pitney Bowes Inc. (NYSE:PBI) were aggressively bought during the session on Wednesday. He bought these calls as well and he said this is a classic example of somebody who wants to simulate a long position.
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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Traders were also buying the September $600 calls in Netflix Inc (NASDAQ:NFLX). Around 12,000 contracts were traded in the first half of the session and that was a big enough reason for Najarian to buy these calls.