August 12, 2013 8:39 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.
Just before the 8:00 rush this morning, BlackBerry (NASDAQ: BBRY) announced it was seeking "strategic alternatives", which could include sales of assets or possibly going private.Shares were halted leading into the report, and following their opening at 8:30, they spiked as much as 9.4 percent, and proceeded to trade in a very volatile fashion. There also seemed to be some arbitrage going on between shares on the Toronto Stock Exchange and those on the NASDAQ.Speculation has surrounded BlackBerry since a report came out on Friday from Reuters that the company was considering going private.Shares of BlackBerry were up 7.48 percent to $14.48 leading into the market open Monday.
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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