August 18, 2014 8:28 PM | 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.
Speaking
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.
, Pete Najarian said that he spotted unusually high options volume in Steel Dynamics (NASDAQ: STLD). Approximately 4,000 contracts of the November 22 call options were traded today and investors were paying a premium of around $1.40. The break even for this trade would be at $23.40.The stock had a good trading session on Monday as it established new 52-week high and there is also a lot of bullish activity in the steel, iron ore and metallurgical space. Pete Najarian explained that investors believe that these sectors could move much higher, but it is hard to name a catalyst for such a move. Speculations about improving demand from China could be one reason.Steel Dynamics spiked 3.62% higher on Monday and it closed at $22.91.
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