August 19, 2014 11:11 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.
LinkedIn Corp. (NYSE: LNKD) dipped as much as 2 percent Tuesday on a rumor that noted short-seller David Einhorn had taken a short position in the company.LinkedIn shares are up 36 percent in the past month and recently beat second-quarter expectations by a significant margin. But its shares are volatile and the company missed consensus views in two of the past three quarters.Einhorn, in his quarterly letter to investors last month, said "there are a number of tech stocks caught up in a smaller version of the 1999-2000 Internet bubble and we've created a bubble basket to short them."Einhorn didn't disclose stocks included in the basket.As of July 31, short interest represented 5.4 million of LinkedIn's 218.7 million shares outstanding. That's nearly unchanged from mid-July.LinkedIn traded recently at $218.80, off $0.14 cents
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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