August 17, 2010 1:36 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.
Shares of Boise Inc. (NYSE: BZ) are higher on the session by 2.36%, currently trading at $6.94. The stock has been moving largely higher over the past eight weeks and is now nearing some resistance around $7.00. Options traders seem to think the stock can break through that level, though. The September $7.50 call was purchased 3,100 times, on the offer, for $0.20 a short while ago. Open interest on the strike is 28,724 contracts. Call volume is now running at 3.33x the daily average. Boise Inc. is a manufacturer of packaging products and papers, including corrugated containers, containerboard, label and release and flexible packaging papers, imaging papers for the office and home, printing and converting papers, newsprint, and market pulp.
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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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