June 23, 2010 8:11 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.
On May 27th, CNBC Fast Money's Guy Adami recommended investors buy Oceaneering International (NYSE: OII). He based his decision on technical indicators. He thought that OII was oversold, and it looked like this stock was forming a triple bottom. Unfortunately, OII failed to bounce off the support, and it continued to move down. Since Guy Adami recommended Oceaneering (OII), it dropped 12%. Guy Adami admitted that this was a bad call, and he thinks that investors should stay away from this stock. Oceaneering International (OII) fell 2.10% today, and it closed at $45.79.Want to share YOUR story with our dynamic and rapidly growing audience?Click
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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