May 4, 2015 12:05 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.
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.
(NASDAQ: BIDU) shares were trading higher by $2.66 (1.2 percent) at $205.13 in Monday's session. There are two separate catalysts for today's rally.First, the issue was mentioned favorably in Barron's over the weekend as a way to participate in future of the Chinese stock market.In addition, the issue was upgraded by T.H. Capital from Hold to Buy with at $239 price target as the company begins to implement new strategies.The timing of the bullish commentary came at a critical time for the issue, as it had breached major support at the $200 level on Friday, reaching $196.13 before rebounding to close at $202.47.In Monday's session, it rallied off a higher open to $206.90, which is well shy of Thursday's high of $211.93. It has not closed under $200 since October 14, when it ended the session at $199.07.The all-time high for the issue was made in December at $242.
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