October 28, 2014 8:19 AM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
traders commented on the big movers of the day in a segment of the show called "Stock Pops & Drops". Tim Seymour said that he would stay away from
GoPro Inc (NASDAQ: GPRO) and he wouldn't buy the stock until it returns to a more sensible valuation. He added that a miss on earnings on Thursday could lead to a decline of another 20 percent. The stock dropped 9.77 percent on Monday.Karen Finerman spoke about the reasons behind a 3.99 percent increase in price for
Micron Technology, Inc. (NASDAQ: MU). She said that the company announced a $1 billion buy back on Monday. Finerman added that
Micron Technology, Inc. has a good cash flow and earlier this year it has repurchased convertible debt. Guy Adami said that
The Wendy's Co (NASDAQ: WEN) got downgraded by RBC Capital on Monday and the stock slipped 4.76 percent. He added that the stock looks like it is cheap, but it isn't. Steve Grasso explained that
Tesla Motors Inc (NASDAQ: TSLA) fell 5.77 percent and broke its 200-day moving average at $224, which has been a really strong support. He thinks that it is all about the lack of sales of Model S. Grasso would wait for the stock to return above $224 and then he would buy it.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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