August 14, 2012 6:20 PM | 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 Monster Beverage (NASDAQ: MNST) were hit by a sharp sell-off last week after the company reported second-quarter earnings results last Wednesday. The company reported earnings per share of $0.59 versus $0.45 in the year ago period. This missed analysts' consensus earnings per share estimate of $0.61. Revenues came in at $592.6 million compared to $462.1 million in last year's second quarter. This also missed analysts' consensus estimates near $596.1 million. On Tuesday, however, shares of Monster Beverage rallied after its board of directors announced authorization of a $250 million increase to the company's share repurchase program. Shares of Monster Beverage gained close to 10 percent Tuesday to $58.59. Nevertheless, shares are still down more than 14 percent over the last 5 trading sessions.
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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