27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
On CNBC's "Options Action," Tony Zhang of OptionsPlay said that Apple Inc (NASDAQ:AAPL) was very active on Wednesday, with 3.7 million contracts traded. This is more than three times the average daily volume, he said.
There was one trade of 3,042 contracts of the December 10 weekly 167.5 calls at an average price of $4.43, Zhang mentioned. That represents a premium of $1.3 million being “put on the line to bet that Apple will be above $172 by next Friday,” he said.
“That’s a fairly bold short-term bullish bet” in “what is inarguably a fairly challenging market,” Zhang said.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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