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.
Affirm Holdings, Inc. (NASDAQ:AFRM) stock traded lower after Piper Sandler downgraded the stock from Neutral to Underweight.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Affirm traded at 1.5x its average daily options volume on Thursday. Options markets are expecting heavy volatility over the coming weeks and months.
Don’t forget to check out our premarket coverage here
There were sellers of 4,842 of the August 15-calls at an average price of 89 cents per contract, Khouw mentioned.
Traders expect Affirm’s stock to not recover above the $15 level between now and August 18.
Piper Sandler analyst Kevin J. Barker downgraded the stock from Neutral to Underweight with a price target of $11.00. Barker expects persistently higher rates to pressure operating margins as AFRM needs to hold more loans on the balance sheet.
Price Action: Affirm shares dropped 10.6% to close at $13.79 on Thursday, and was up 0.8% in Friday's premarket trading session.
Check This Out: Investor Sentiment Drops Following Economic Reports
Photo: Affirm
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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