Mike Khouw Sees Unusual Options Activity In SunPower Corporation

by Benzinga Staff
November 21, 2014 7:04 AM | 29 seconds read | Make a Comment

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 Options Action's Mike Khouw spoke on the show about a trade in

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SunPower Corporation (NASDAQ: SPWR) that caught his attention on Thursday. He said that the options trading volume in the name was two times higher than the daily average and he noticed that a trader bought a big quantity of the January 29/32 call spreads and paid $1.20 for the set up. This means that he sees the stock at $32 or approximately 10% higher at the January expiration. SunPower Corporation gained 3.60 percent and it closed at $29.09 on Thursday.

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.

Posted In: CNBCMediaMike KhouwOptions Action

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