October 20, 2010 7:59 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.
On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he is a buyer of Cypress Semiconductor Corporation (NASDAQ: CY). Cypress (CY) is going to post earnings tomorrow, but Cramer doesn't care much about that, because he sees CY as a great long term story. Cramer liked NVIDIA Corporation (NASDAQ: NVDA) at $10, he doesn't like it at $12. Cypress (CY) fell 0.80% on Wednesday, and NVIDIA (NVDA) gained 0.02%.Cramer likes MGM Resorts International (NYSE: MGM), because of its secondary offering, and improved liquidity. He is a buyer of this stock. MGM Resorts International (MGM) gained 1.58% today, and closed at $10.95.Oil is not going to $60, said Cramer. He believes that National-Oilwell Varco, Inc. (NYSE: NOV) should be bought, because it found a great position between technology and oil drilling. National-Oilwell Varco (NOV) jumped 2.82% on Wednesday.
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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