June 27, 2014 3:25 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.
58.com Inc. (NYSE: WUBA) extended earlier gains, running up more than 5 percent Friday after Tencent Holdings (OTC: TCEHY) agreed to acquire a 19.9% stake for $736 million.Tencent said the deal gives it a 15.2 percent voting interest in 58.com, which has about 40.86 million shares outstanding.58.com, shares of which gained about 14 percent in trading Thursday, has been called "the Craigslist of China." Tencent offers Internet and mobile service in China.58.com shares were up nearly 5 percent Friday at $4.79; Tencent was trading down less than a percent at $15.25.Other China-based Internet companies appeared unaffected.Youku Tudou Inc. (NYSE: YOKU) gained 1.39 percent to $23.27; Baidu was off slightly at $15.25 a share and Sohu.com Inc. (NASDAQ: SOHU) was unchanged at $56.66. Weibo Corp. (NASDAQ: WB) was up 0.68 percent to $20.61.
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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