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.
On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that trading in ExxonMobil Corp. (NYSE:XOM) implied a move of about 3.4% on Thursday. This was higher than the average of 2.7% move in the last eight reported quarters, he said.
The stock traded at 1.3 times its average daily call volume on Thursday, Khouw added.
Check out other stocks making moves in the premarket.
There were buyers of 1,000 of the December 120 calls at an average price of $1.60 per contract, Khouw said. The traders expect ExxonMobil’s stock to rise by at least 12.5% by December expiration, he added.
XOM Price Action: Shares of ExxonMobil had risen by 0.38% to close at $107.55 on Thursday.
Photo via Shutterstock.
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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