August 15, 2014 7:16 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.
Mike Khouw said on
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.
that there was a a big put options volume in Estee Lauder Companies Inc (NYSE: EL) on Thursday. Options volume reached 10 times its average daily volume and put options volume reached 13.5 times its average daily volume.Investors were buying the August 72.5 puts and they paid a premium of $0.65. This means that they are expecting Estee Lauder to trade below $71.85 by the end of Friday. The company is due to report earnings on Friday and the stock is trading close to its all time highs. The investors must be thinking that the earnings might not be good enough to justify current price level of $75.90 and that the stock could be trading more than 5% lower on Friday.
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