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 Arrowhead Research Corp (NASDAQ: ARWR) have been increasingly shorted over the past few weeks.
33.72 percent of the float is currently short which is an 8.55 percent increase from the previous two-week reporting period.
Over the past month, the stock has fallen nearly 20 percent and recently traded at $6.20.
On January 9, the stock spiked upwards and traded as high as $9.16 before crashing to the $6 range, where it has stayed since.
With such a significant percentage of the float short, if the stock moves up on as it did in early January, it could create a short squeeze and drive the shares higher as the shorts will eventually have to be covered.
Arrowhead Research Corp recently traded at $6.20 on Monday, down 1.74 percent from Friday’s close.
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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