June 11, 2010 3:20 PM | 1 min read
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.
Shares of Skyworks Solutions Inc. (NASDAQ: SWKS) are higher on the session by 2.28%, currently trading at $16.15. The stock is consolidating around the $16 level after a small blip lower in May. The chart looks poised for the stock to run higher, but options traders are taking the other side of that bet today. The July $17.50 and $15 puts were both purchased on the offer, 1,067 times and 2,587 times respectively. Volume exceeded open interest on the $17.50 line, but not on the $15 strike. Put volume is running at 2.11x the daily average with 90% of all puts traded being purchases on the offer. Skyworks Solutions, Inc. offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and cellular handset applications.
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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