March 4, 2015 2:08 PM | 1 min read |
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.
Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that implied volatility in the options market indicated that Canadian Solar Inc. (NASDAQ: CSIQ) was expected to a make a move of more than 8.5 percent (up or down) ahead of earnings.Kinahan noted that options activity on the stock was relatively low with only 1900 contracts traded in the morning.There was, however, about twice the normal amount of trading, especially in the following week's $35 Calls.Kinahan noted that from a historical volatility perspective, the stock was at its 82nd percentile.Ahead of its earnings release on Thursday, Canadian Solar Inc. traded at $30.18, down 0.53 percent.Kevin Riley and Brianna Valleskey contributed to this report.
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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