August 20, 2014 5:38 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.
CNBC Fast Money's Mike Murphy
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.
said on the show that he doesn't want to buy El Pollo LoCo Holdings (NASDAQ: LOCO) because he believes that this stock is definitely not the next Chipotle Mexican Grill (NYSE: CMG).Jon Najarian said that the stock might make another attempt at $40. He thinks that the growth is ahead of this company, but he wants to wait for the stock to settle. Josh Brown doesn't have a position in El Pollo LoCo and he believes that it would not be a good idea to own the stock ahead of earnings. He would like to see the company disappointing on earnings and then he would consider buying. It is not clear how much will the expansion cost the company, Josh Brown added. He thinks that high short interest is not a guarantee for a move higher.
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