September 27, 2010 2:34 PM | 1 min read |
Shares of Wipro Limited (NYSE: WIT) are lower on the session by 0.82%, currently trading at $14.53. The stock has been moving largely higher over the past three months after forming a double bottom at $11.80, which just so happened to be the 200-day moving average. Options traders are betting on further upside for shares in the coming weeks. A short while ago the November $15.00 call was purchased 1,000 times, on the offer; open interest on the strike is only 235 contracts. This signals new positioning on the name. Overall call volume is now running at 32.04x the daily average, 95% on the offer. Wipro Limited provides information technology solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations.For more great research like this, as well as how to play it through options…please visit
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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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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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