July 25, 2014 8:17 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.
Maxim Integrated Products (NASDAQ: MXIM) fell 15.57% to $27.81 in pre-market trading after the company reported downbeat quarterly results and issued a weak Q1 forecast.Lattice Semiconductor (NASDAQ: LSCC) shares declined 12.28% to $6.50 in pre-market trading after the company issued a downbeat Q3 revenue forecast.Amazon.com (NASDAQ: AMZN) dropped 10.65% to $320.42 in pre-market trading after the company reported a wider-than-expected loss for the second quarter. For the third quarter, Amazon projected sales of $19.7 billion to $21.5 billion. Analysts at B Riley downgraded Amazon from Buy to Neutral and lowered the target price from $425 to $350.Pandora Media (NYSE: P) dipped 9.30% to $26.05 in pre-market trading after the company announced slower than expected growth metrics. Pandora's earnings beat the official analyst estimate by $0.01 per share at $0.04 per share. The company also raised its full-year forecast.
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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