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.
Shares of GoPro Inc (NASDAQ: GPRO) added to Tuesday’s gains in Wednesday’s pre-market following the lock-up period expiration.
According to Reuters, the first lockup period on shares, which expired Tuesday, made “about 15.3 million shares held by employees and early investors available for trading.”
Even with the availability of more shares in the market, demand was strong Tuesday as the stock climbed 6.1 percent.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Adding to the momemtum were recent comments from Wedbush which stated that GoPro cameras are the "gift of choice" this Christmas.
Since it’s June IPO the stock is up over 90 percent, although it is down from its October 6 high of $93.79.
In Wednesday’s pre-market, the shares moved higher from Tuesday's close and recently traded at $64.02, up 4.03 percent.
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.