October 28, 2014 9:37 PM | 1 min read |
CNBC Options Action's Mike Khouw said on the show that he noticed unusually high call options trading volume in
The Goodyear Tire & Rubber Company
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.
(NASDAQ: GT) on Tuesday. More than 6 times daily average call options volume was traded and the options market is implying a 7 percent move on earnings.Traders were buying heavily the January 23 call options for $1, which sets the breakeven for this trade at $24.
The Goodyear Tire & Rubber Company closed the session at $21.91 with an increase in price of 6.31 percent and for the trade to be profitable the stock has to jump additional 9.5 percent.Khouw added that crude oil makes around two-thirds of the company's raw materials so lower oil prices could be a big positive for The Goodyear Tire & Rubber Company.
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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