Pete Najarian Sees Unusual Options Activity In Masco - Masco (NYSE:MAS)

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 Pete Najarian spoke on the show about unusually high options activity in Masco Corporation (NYSE: MAS).Najarian explained that traders were selling to close their January 23 call options to purchase the February 24 calls, expecting the stock to move above $24 and test its 52-week highs. More than 7,000 contracts were bought on Tuesday and traders paid around $1.05, said Najarian, who decided to follow the big money and buy the February 24 calls. He is planning to hold this position for a month.Masco gained 1.78 percent and closed at $23.39 on Tuesday.

27% profit every 20 days?

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