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.
US stocks closed mixed on Friday, with the Dow Jones jumping around 170 points, while the Nasdaq Composite fell over 70 points.
On CNBC’s "The Final Call," Carter Worth, Worth Charting, recommended staying long on oil and natural gas.
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Jeff Mills of Bryn Mawr Capital Management said he would reiterate his caution around the consumer sector, including SPDR S&P Retail ETF (NYSE:XRT).
Michael Khouw of Optimize Advisors said Cisco Systems, Inc. (NASDAQ:CSCO) is going into earnings, and using calls is the way to make bullish bets. The company is scheduled to report quarterly earnings on Feb. 15, 2023.
Benzinga data shows analysts have a consensus Outperform rating on CSCO.
Price Action: Cisco shares gained 1.1% to close at $47.26 on Friday, while XRT dropped 0.9% during the session.
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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.