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, based on implied volatility in the options market, Intuit Inc. (NASDAQ: INTU) was expected to make a 4 percent move, up or down, following its earnings release on Thursday.
Kinahan said it was interesting from a historical volatility perspective that Intuit is at the 78th percentile and that it is “sitting right at its 50 day moving average.”
Kinahan saw significant volume in the $97.50 Calls, which were “relatively inexpensive” because of being so far out of the money.
Intuit will report Q2 earnings after the market close on Thursday.
Heading into its earnings report, Intuit traded at $90.06, up 0.33 percent.
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.
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