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.
From a technical perspective, shares of Twitter Inc (NYSE: TWTR) have filled in the gap from earnings in late July, and are now approaching a key support level at $39. The stock briefly traded below the $39 level on November 11, but did rally to close at $39.59 that day.
The 200-day moving average is at $44.01, well above its current price level. The stock has struggled recently in failed attempts to breakout above the $42 level, and has consolidated in a narrow range between $39.50 and $41.50 over the past several weeks.
A significant break below the $39 support level may lead to a test of the $37 area, which was a consolidation level in mid July. An upside breakout above $41.50 may lead to a challenge of the 200-day moving average area at $44.
Shares traded recently at $39.95, down 4.3 percent.
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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