July 12, 2010 10:52 AM | 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 Dicks Sporting Goods (NYSE: DKS) are lower on the session by 2.21%, currently trading at $25.21. The stock has been trading largely lower over the past three months and is now sitting right on the 200-day moving average. One options trader is betting that the level will hold. A short while ago, a huge put sale was detected on the July $25 put strike, where 10,000 contracts were sold, on the bid, for $0.10. This is clearly a trader who is willing to get long the shares regardless, looking to use short-term options to enter into the position. The options expire this week. Put volume is now running at 104x the daily average. Dick's Sporting Goods, Inc. is a sporting goods retailer offering a range of brand name sporting goods equipment, apparel, and footwear in a specialty store environment. As of January 30, 2010, the company operated 419 Dick's Sporting Goods stores in 40 states and 91 Golf Galaxy stores in 31 states.Learn how to find the best
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.
for free.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.