June 1, 2010 1:32 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 Acme Packet Inc. (NASDAQ: APKT) are lower on the session by 4.47%, currently trading $28.00. The stock has been on an amazing run higher over the past six months and is trading well above the 50-day and 200-day moving averages. Calls are being purchased on the name today with the June $30 calls traded over 1,500 times on open interest of 1,645 contracts. Call volume is running at 2.21x the daily average with 49% of all calls traded being purchases on the offer. Acme Packet, Inc., incorporated on August 3, 2000, provides session border controllers (SBCs) that enable service providers, enterprises, government agencies and contact centers to deliver interactive communications, such as voice, video and other real-time multimedia sessions, across Internet protocol (IP) network borders.
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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