October 11, 2010 12:33 PM | 1 min read
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.
Shares of AECOM Technology Corporation (NYSE: ACM) are higher on the session by 2.40%, currently trading at $24.98. The stock has been moving largely lower over the past six months, off of a recent high near $30.75. Shares seem to have formed a double-bottom near $22.00 as of late. Options traders are betting on further upside for shares. A short while ago the November $25.00 call was purchased 1,000 times, on the offer, on open interest of only 183 contracts. This signals new positioning on AECOM.Call volume is now running at 14.05x the daily average, 99% on the offer. AECOM Technology Corporation is a provider of professional technical and management support services for commercial and government clients worldwide. The company provides planning, consulting, architectural and engineering design, and program and construction management services for a range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities and power transmission and distribution.
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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