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 Friday the IPO for Jumei International Holding Limited (NYSE: JMEI) was released to a bullish open with some profit taking coming soon after.
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The company priced shares at $22, an amount a tad higher than the original $19.50-$21.50 anitciapted by Jumei. The stock ended up opening at $27.25, with 9.5 million shares in circulation.
After opening at $27.25 the stock dipped back down to $25.52 and has since been hovering around the $25 mark. While the stock did dip down from the opening price, it is still up 13% (at last checked trade) from the $22 mark that the stock was priced at.
Underwriters for the IPO include Goldman Sachs (Asia), Credit Suisse, J.P. Morgan, China Renaissance Securities (Hong Kong) Limited, Piper Jaffray & Co. and Oppenheimer & Co. Inc.
Jumei as stated by the company is "China’s No. 1 online retailer of beauty products as measured by gross merchandise volume."
Shares of Jumei International Holding Limited are trading up 13.3 percent to $24.93 from the priced value per share of $22 at last checked trade.
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.