July 11, 2014 8:10 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Joe's Jeans (NASDAQ: JOEZ) shares gained 18.45% to $1.22 in pre-market trading on Q2 results. The company reported a 56% surge in its quarterly revenue. Lorillard (NYSE: LO) shares surged 4.85% to $66.15 in pre-market trading. Lorillard confirmed that Lorillard and Reynolds American (NYSE: RAI) are engaged in discussions regarding RAI's potential acquisition of Lorillard. Cowen & Company initiated coverage on Lorillard with a Underperform rating.Reynolds American (NYSE: RAI) shares gained 2.86% to $64.04 in pre-market trading after the company confirmed discussions related to a possible deal with Lorillard. Cowen & Company initiated coverage on Reynolds American with a Market Perform rating.DryShips (NASDAQ: DRYS) shares jumped 2.66% to $3.09 in pre-market trading after falling 1.63% on Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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