August 29, 2014 6:48 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.
Pavel Molchanov of Raymond James
talked on CNBC's Fast Money about the reasons behind his downgrade of
GT Advanced Technologies (NASDAQ: GTAT). He thinks that the iPhone 6 news are fully priced in and the stock is fairly valued.GT Advanced Technologies jumped 110% year-to-date and it was in anticipation of Sapphire sales to
Apple (NASDAQ: AAPL). The company announced that it is planning to sell around $500 million worth of Sapphire to Apple and none of it happened so far.Another question is how well is Sapphire going to sell. Since the news about iPhone is already priced in, any failure to materialize these expectations would be a reason for a sell-off.GT Advanced Technologies fell 4.79% on Thursday and it closed at $17.68.
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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