Mike Khouw's CVR Energy, Inc Trade - CVR Energy (NYSE:CVI)

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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, Mike Khouw said that if you own shares of CVR Energy, Inc. (NYSE: CVI), you should consider selling call options against your long position. Mike Khouw would sell the June 30 calls in CVR Energy, Inc. (CVI) for $2.10, which is approximately 7.5% of CVI's current price. With this trade you would keep some upside potential, but if the stock jumps to $32.10, you would get called away.CVR Energy, Inc. (CVI) fell 0.07% today, and it closed at $27.60.