April 22, 2015 3:03 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.
Facebook Inc. (NASDAQ: FB) will move a bit more than 5 percent on its upcoming first-quarter earnings report, JJ Kinahan told BenzingaKinahan, chief strategist at TD Ameritrades, made the prediction based on recent Facebook trading in the options market.The social media giant's shares gained $0.77 cents recently, trading at $84.44. Facebook shares are up 8.7 percent during the past three months.Facebook, slated to post results after the bell Wednesday, is expected to report a 20 percent increase in first-quarter adjusted earnings to $0.41 cents a share. Revenue is expected to have grown more than 40 percent to $3.56 billion.Facebook, which went public in 2012 has seen an 8.3 percent average post-earnings move over the last eight quarters, The Wall Street Journal reported Wednesday.http://blogs.wsj.com/moneybeat/2015/04/22/options-traders-betting-facebook-will-climb-after-earnings/
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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