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.
Frank Zorrilla was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.
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Zor Capital Founder and Chief Investment Officer Frank Zorrilla discussed Twitter Inc (NYSE: TWTR) Friday on the show.
Zorrilla said that there were holders of Twitter stock still looking to sell and the shares had not yet reached a floor following its April 28 earnings release.
Discussing the company itself, Zorrilla said he liked Twitter and thought the Periscope service was “huge.”
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When looking at Twitter from a longer-term time horizon, Zorrilla was bullish on the stock and felt it was suitable as a long-term holding.
“Not from a trading perspective but from an investment perspective,” said Zorrilla, “I would be looking to buy the shares close to $35 and just ‘put it in the books’ because I think it’s not going away and I think that a company this high-profile will make it happen at some point.”
In January of 2014, shares of Twitter closed at an all time high of $69. Following the high, shares had tumbled lower and later collapsed from the $50 level in late April to the current level in the mid-$30’s.
Related link: Twitter Shares Crumble; Wall Street Reacts
Despite the decline in share value and investor concerns over earnings, Zorrilla felt the company would turn-around.
Twitter Inc is up approximately 2 percent Year-to-Date and closed at $36.60 Friday, down 0.22 percent.
Listen to the show here:
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.