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 Apple Inc (NASDAQ:AAPL) tumbled nearly 6% on Thursday amid a broader sell-off in tech stocks.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said the stock traded in big volumes on Thursday. Apple’s stock traded over 1.5 times its average daily call volume, representing more than a million contracts, he added.
Check out other stocks moving on earnings in the premarket.
There were buyers of 43,500 of the May 13 weekly 165 strike calls at an average price of $1.31 per share, Khouw mentioned. The buyers are betting Apple will rebound by next Friday and regain the losses made on Thursday, 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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