April 29, 2015 11:24 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.
''Stratasys Ltd. (NASDAQ: SSYS) shares are trading sharply lower by $10 at $41.30 in Wednesday's session. The catalyst for the decline is much lower guidance from the company for Q1 ($0.02-$0.04 vs. Est. ($0.30) and for sales ($171M vs. $173M vs. Est. $200M).Investors that were paying attention to another sector in the issue may have been able to avoid being caught in today's landslide. On April 23, 3D Systems (NYSE: DDD) slashed its Q1 guidance for EPS ($0.02 vs. $0.04 vs. Est. $0.17) and for sales ($158M - $160M vs. Est. ($183.5). As a result, 3D Systems swoon from its April 23 close ($30.15) to $27.23 the following day and is no clinging to the $25 level in today's session.Stratasys cascaded to $40.20 during premarket trading but found support ahead of that level off the sharply lower ($41.21 vs. Tuesday's close of $51.3) falling another $0.07 to $41.14 before rebounding to $43..20. At this time, it is revisiting the lows for the regular session.
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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