August 13, 2014 10:56 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.
King Digital (NASDAQ: KING) shares are falling sharply this morning, trading at new all time lows. Following an earnings report that met expectations on EPS but fell short revenue, and more importantly lowered the growth outlook sharply, many firms have reduced their ratings. KING is trading down 23 percent post earnings at 14. King Digital downgraded to Neutral from Overweight at JPMorgan, reduces price target from 30 to 18.King Digital downgraded to Hold from Buy at Deutsche BankKing Digital downgraded to Equal Weight from Overweight at BarclaysKING King Digital downgraded to Neutral from Overweight at Piper JaffrayThe stock, which had its' IPO in early March, pricing at 20, is now trading nearly 30 percent below that price.
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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