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.
Verizon Communications Inc. (NYSE:VZ) is scheduled to report its second-quarter results on Friday morning.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Verizon Communications traded more than 3.4 times its average daily put volume on Thursday. The options market is implying a move of around 3.7% after the company reports earnings, significantly higher than the below 2% average over the past eight quarters, he added.
Check out other stocks making moves in the premarket.
There were buyers of 6,228 of the July 22 weekly 46-puts at an average price of 38 cents per contract, Khouw mentioned. Traders expect shares of Verizon Communications to decline after the earnings report, he added.
Also Read: Jim Cramer Tells Investors To Be Very Careful, This Stock 'Could Be Cut In Half'
VZ Price Action: Shares of Verizon Communications declined by 2.88% to settle at $47.66 on Thursday.
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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