March 1, 2012 8:06 AM | 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.
As Apple (NASDAQ: AAPL) soars to new heights, having crossed yet another important milestone with a market valuation of $500 Billion, its
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.
thinks there is a whole lot of upside still left on the table. Apple co-founder Steve Wozniak told CNBC the company has the potential to reach $1000 per share. This seemingly unending potential, Mr. Wozniak says, comes because Apple is, in fact, several great companies operating in a tightly integrated nature. "Apple is on such a winning course because it's encapsulated all of its different big products that I mentioned, they all work together so well that you are in a course that if you buy a product from another company it doesn't really do as much as one from Apple does. So Apple has a large room for growth," he told CNBC. Mr. Wozniak, arguably one of the biggest beneficiaries of the recent share price windfall, said he does not spend a lot of time monitoring the stock market. AAPL closed at $542.22 on Wednesday, up 1.31 percent for the session and over 55 percent over the past year.
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