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.
Shares of Baidu Inc (NASDAQ:BIDU) jumped 6.84% to close Tuesday at $162.86, following the company’s strong fourth-quarter results.
On CNBC's "Options Action," Mike Khouw of Optimize Advisors said the stock traded more than four times its average daily volumes on Tuesday.
More than 50,000 call contracts were traded, and “a lot of that was short-dated upside call buying,” he added.
There was a buyer of 3,200 of the April 170 strike calls for an average price of $9.55 per contract, Khouw mentioned. Buyers of those calls are betting that the stock will rise by at least 10% over the next six weeks, he added.
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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