March 30, 2015 11:45 AM | 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.
Groupon (NASDAQ: GRPN) shares are trading lower by $0.22 at $7.39 in Monday's session. At this time, the upgrade from Wunderlich last week has failed to instigate a sustained rally in the issue.On March 25, the firm upgraded the issue from Hold to Buy and raised its price target from $6.00 to $10.00. On that day, Groupon posted a modest gain of $0.18 (rallying from $7.58 to $7.74) on heavy volume of 13.2M, which is nearly double its 20 day average of 7.2M.However, there was no follow through the following day as the issue peaked ahead of its previous day high ($7.85), only reaching $7.72 before closing at $7.56. Now three days removed from the Wunderlich upgrade, the issue has declined as low as $7.26 and has not been able to mount much of a rebound,.
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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