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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Willard has been long Apple since March 2003. At that time the company was rumored to be acquiring Warner Music Group. In reality, Apple was preparing to launch its online music store, iTunes.Apple has gone through many ups and downs over the past 12 years. Willard thinks the company might endure another decline after its FY2015 Q1 results are released."Everyone will be wondering how much they should be modeling for the Apple Watch," Willard explained. "Those are numbers that are really all over the place. I would expect Apple, in its usual way, to temper any optimism about it, probably talk it down, guide lower. I wouldn't be surprised to see the stock get hit after the quarter. Five, 10 percent, who knows?"Even so, Feinseth thinks it would be a mistake to base Apple's success on one new product."The Apple Watch will be a good niche product," said Feinseth. "It's not going to be a mainstream product. It'll probably expand into other wearables and have other functions. I mean, people saying that if the Apple Watch is a failure then the whole company is done, I don't think that's fair."Feinseth noted that a growing number of corporations are adopting Apple's products."They're here to stay," he added. "They're a dominant brand, and the more you get entrenched with using it -- once you get an iPhone and buy more apps and content, it's less likely that you will switch to another phone."Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.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.