June 5, 2014 8:18 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.
Novavax (NASDAQ: NVAX) dipped 10.43% to $4.55 in pre-market trading after the company announced a $100 million public offering of common stock. Rite Aid (NYSE: RAD) dropped 10.24% to $7.63 in pre-market trading after the company lowered its FY14 earnings forecast from $0.31 to $0.42 per share to $0.30 to $0.40 per share. The company's same-store sales increased 3.5% in May.PVH (NYSE: PVH) shares fell 5.88% to $123.00 in pre-market trading after the company reported weaker-than-expected first-quarter results and lowered its full-year earnings outlook. Marvell Technology Group (NASDAQ: MRVL) shares dropped 3.56% to $15.45 in pre-market trading after falling 0.25% on Wednesday.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.