June 5, 2012 11:55 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.
Shares of Bridgeline Digital (NASDAQ: BLIN) were halted, then traded more than 80% higher today after the small cap cloud software provider announced a deal with United Parcel Service (NYSE: UPS). Bridgeline helps its clients manage their web presence. The company only had a market capitalization of around $19 million as of yesterday's market close, so a potentially large contract with a company like UPS could have a huge impact on Bridgeline.Bridgeline did not immediately disclose a monetary value for the “multi-year agreement.” However, investors might deduce from Bridgeline's description of the contract as an “end-to-end offering” that that the contract could be significant for a small cap company such as Bridgeline.Shares of Bridgeline have pulled back significantly since their spike of more than 80% this morning and are now trading around 72 cents or 47.7% higher for the day.
Disclosure: At the time of this writing, I did not own shares of any companies mentioned in this post.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.