February 29, 2012 1:19 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 Quicksilver Resources (NYSE: KWK) are lower on the session by 1.81%, currently trading at $5.70. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $4.00 put, which has traded 2,000 times on open interest of 1,642 contracts. Put volume is outpacing call volume by 17 to 1. Quicksilver Resources Inc. is an independent energy company. The company is primarily engaged in exploration, exploration, development, exploitation and production of natural gas, natural gas liquids (NGLs) and oil onshore in North America.
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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