Notable Put Options Activity in Central European Distribution

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 Central European Distribution (NASDAQ: CEDC) are lower on the session by 18.40%, currently trading at $4.42. The stock has been moving largely lower over the past three weeks 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 March 2012 $5.00 put, which has traded 6,100 times on open interest of 8,892 contracts. Put volume is outpacing call volume by 3 to 1. Central European Distribution Corporation operates primarily in the alcohol beverage industry. CEDC is a producer of vodka and is Central and Eastern Europe's integrated spirit beverages business.

27% profit every 20 days?

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