August 14, 2014 7:13 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.
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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.
, Mike Kouw said that there was an increased options activity in Marathon Petroleum Corp (NYSE: MPC). The daily options trading volume was over 4 times average volume and the September 90 calls were the most active.Investors paid $1.70 for this strike which places the breakeven at $91.70 or roughly 5% higher from the current market price of $87.43. Mike Khouw thinks that one of the reasons for this trade is a good earnings result, posted in July, which came above the expectations. The valuation looks attractive because the stock is trading at less than 10 P/E and 5 EV/EBITDA. The main reason for a long position in Marathon Petroleum is the crack spread which is currently trading at the three month high.
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