September 19, 2014 1:39 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.
Alibaba Group Holding Ltd. opened for trading today on the New York StockExchange (NYSE) under the ticker symbol "BABA" after its initial publicoffering (IPO) on the floor of the NYSE. Barclays is the Designated MarketMaker for the company's stock, which opened at $92.70.Alibaba customers celebrated the company's first day of trading by ringing TheNYSE Opening Bell^®.“We are delighted to welcome Alibaba to the NYSE and our family of the world'sbest companies and leading brands,” said NYSE Group President Thomas W.Farley. “Alibaba is a global leader in online and mobile commerce and a trueinnovator. We congratulate the entire team at Alibaba on its IPO and lookforward to serving the company and its shareholders.”As the largest ever U.S. IPO, Alibaba is the 88th company to conduct its IPOon the NYSE and NYSE MKT this year, representing $50.6 billion in totalproceeds*. It is the 25th technology company IPO, representing 57% percent ofall technology company IPOs in the U.S. in 2014.For more information on NYSE's listings business, visithttps://www.nyse.com/why-nyse.
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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