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.
Lumber Liquidators Holdings Inc (NYSE: LL) shares are down more than 15 percent in the past hour after the company revealed it will be featured in a negative 60 Minutes story this weekend. Bloomberg also reported that on its conference call, the company said the Department of Justice is contemplating criminal charges, and is unable to predict the effect of the potential probe.
So, what are investors saying? Twitter may provide an answer.
Many are talking about the potential government involvement:
More $LL: 10-K says DOJ contemplating criminal charges under Lacey Act https://t.co/XTGqj2UE4G
— Activist Shorts (@ActivistShorts) February 25, 2015 $LL dept of justice tagged along, this may crater.
— Miles J. Stoner (@StockHollywood) February 25, 2015 Lumber Liquidators says 'very early in process' with DOJ $LL: Full Story http://t.co/AhcRW2tU9j
— The Fly (@theflynews) February 25, 2015 $LL: 10-K says DOJ contemplating criminal charges under Lacey Act
— Leroy Brown (@BrownManLeroy) February 25, 2015 Others were talking technicals:
watching $LL for bottom bounce
— Ross Cameron (DTW) (@DaytradeWarrior) February 25, 2015 Nothing like telling investors on a conference call that a TV news magazine show will have a bad story about you $LL pic.twitter.com/KXrasDaJns
— Dominic Chu (@TheDomino) February 25, 2015 Who's going to catch the $LL falling knife?
— Stock Enthusiast (@EnthusiaStock) February 25, 2015 Why hold a co with so many unanswered questions, failing in a great environment, when comps performing? $LL $HD $LOW http://t.co/mbZI0GOwAO
— Jordan S. Terry (@The_Analyst) February 25, 2015 One was looking back:
$LL comments on Benzinga from 209 days ago http://t.co/xfy1502l24
And another said what many are likely thinking:
$LL painful to watch, and I don't even have a position
— rotop (@rotoprotop) February 25, 2015
— CalConfidence (@CalConfidence) February 25, 201527% 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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