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 Twitter Inc (NYSE:TWTR) plummeted after Elon Musk announced his intention to terminate the deal to acquire the social media company.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said Musk had cast doubts several times on the claims made by Twitter, signaling that he was “either negotiating for a lower price or looking for a way to back of it.”
There has also been significant weakness in the overall markets, he mentioned.
Check out other stocks making big moves in the premarket.
Over 100,000 puts traded on Friday, Khouw said. “I don’t see a whole lot of upside for this stock in the near term,” he added.
TWTR Price Action: Shares of Twitter were down 7.01% Monday morning at $34.26.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!