March 20, 2015 5:32 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.
Among the trading ideas this week that were most popular among readers, there were five that stood out:1. Shares of
Rite Aid Corp (NYSE: RAD) climbed $0.40 (5 percent) to $8.28 in Wednesday's session. The previous couple of days had witnessed a large amount of call buying in the issue. A
possible reason for the spike could be that market-makers were "hedging their bets by purchasing the shares in the open market to offset their negative position in the issue," said Joel Elconin, the co-host of Benzinga's #PreMarket Prep.2.
Facebook Inc (NYSE: FB) shares spiked $1.67 (92 percent) to $82.58 in Thursday's session. This new all-time high
may have been driven by the positive comments from JP Morgan and Nomura about the company's new Payment feature.3. Shares of
Gilead Sciences, Inc (NASDAQ: GILD)
slipped $0.60 to $99.84 in Wednesday's session. The pressure was not driven by any relevant news related to the company. 4. The day it was announced that
Kinder Morgan Inc (NYSE: KMI) would join the S&P 100 by late March,
Chairman Richard Kinder bought $3.95 million worth of shares - 100,000 shares at $39.50 per share. This took Kinder's stake to more than 233.8 million shares. 5.
GW Pharmaceuticals Plc (NASDAQ: GWPH) shares jumped $2.20 (2.5 percent) to $97.86 in Monday's session. This
followed an impressive rally last Friday, with the share price climbing from $84.58 to $95.66.
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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