Fast Money Picks For October 17


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 Steve Grasso said in the segment of the show called "Final Trade" that he is long Google Inc (NASDAQ: GOOGL) (NASDAQ: GOOG). He believes that the viewers should buy it on Friday because they will probably be able to get it on a discount.Jon Najarian bought Ambac Financial Group, Inc. (NASDAQ: AMBC) on Thursday because he noticed unusual options activity in this name during the week. The stock spiked 7.03 percent on Thursday.Karen Finerman bought the December 15 call options in Bank of America Corp (NYSE: BAC). She believes that it is going to trade to $20, from its current price of $16.08.Brian Kelly thinks that Market Vectors Gold Miners ETF (NYSEARCA:GDX) is a buy. He believes that Russia should back its currency with gold.

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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Posted In: CNBCMediaBrian KellyJon NajarianKaren FinermanSteve Grasso