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.
- Silicon Motion Technology Corp (NASDAQ:SIMO) weighs a potential sale amid takeover interest in the semiconductor firm, Bloomberg reports.
- Silicon Motion’s American depositary receipts have plunged 19% in 2022, reaching a market value of $2.7 billion.
- Silicon Motion manufactures NAND flash controllers for solid-state storage devices and supplies data centers and specialized industrial and automotive solid-state drives.
- Silicon Motion reported a net income of $60.6 million in the December 31 quarter, up 9.4% quarter-on-quarter.
- Price Action: SIMO shares closed higher by 0.53% at $77.09 on Friday.
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.
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