May 7, 2015 12:15 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.
''Gevo Inc, (NASDAQ: GEVO) shares are trading higher by $3.07 at $5.52 in Thursday's session. The catalyst for the rally is the announcement that Alaska Airlines will be purchasing the company's alcohol-based jet fuel.The issue, which had been hanging at $2.50 level over the last five trading session, immediately popped over $4 in premarket trading retreated to $3.60 right before the opening of the regular session. After a brief dip to $3,28, buyer reemerged in full force taking the issue though the remainder of the $3,4 and $5 handle finally stopping at $6.11 and pulling back to it current level.Its current high is the highest level for the issue since it peaked at $5.98 on December 4. It should be noted today's rally is taking place on much higher than average volume. So far, it has traded 25.5M shares versus its twenty day average of 1.6M with three hours remaining in the 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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