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.
Benzinga’s #PreMarket Prep morning show featured Quantum Trading Strategies CIO and tech stock strategist Sean Udall who offered his take on Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL).
Udall acknowledged that he usually has a contrary opinion on Google and that when the stock has been at or below $500 he has often taken long positions including call spreads.
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Udall thought "Google will have a better report this quarter because they’ve has so many bad reports recently.”
Google missed 5 of the last 7 reports “so...they’re due [for a beat], according to Udall, "and if they’re going to have a smash quarter it’s typically the holiday quarter...this is not a quarter I’d want to be leaning short, I’d much rather be leaning long.”
If, however, the stock had been trading in the low $500s, then Udall “would be pretty aggressive” but had not taken a position in Google at the time of the interview on Monday, when shares of Google were trading in the $530 range.
Since Monday, shares of Google Inc have fallen 6.7 percent and recently traded at $505.73.
Google will report earnings after the market close on Thursday.
Don’t forget to tune in to Benzinga’s #PreMarket Prep broadcast Monday-Friday 8-9:45 a.m. ET for a live, interactive morning show with veteran traders and featured finance industry experts ready to answer your questions for the trading day.
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.