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.
Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that the implied volatility for Groupon Inc (NASDAQ: GRPN) suggested a 12 percent move in the stock (up or down) ahead of its Q4 earnings report.
Looking at the options on Groupon, Kinahan said that "what’s interesting is that it has traded three times its normal amount of Calls” but the stock itself had traded at only 75 percent of its normal volume as of Thursday morning.
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Kinahan noted that there was some buying in the weekly $8 and $9 Call spread but nothing unusual to report.
Groupon will release its Q4 earnings after the market close on Thursday.
Kevin Riley and Brianna Valleskey contributed to this report
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.