February 6, 2012 12:11 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 GNC Holdings (NYSE: GNC) are higher on the session by 1.13%, currently trading at $28.69. 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 March 2012 $25.00 put, which has traded 1,700 times on open interest of 3,257 contracts. contracts. Put volume is outpacing call volume by 12 to 1. GNC Holdings, Inc., formerly GNC Acquisition Holdings Inc., is a holding company. It is a specialty retailer of nutritional supplements. Nutritional supplements include vitamins, minerals and herbal supplements, sports nutrition products, diet products and other wellness products.
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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