Cree (CREE) stumbles on restructuring


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.


Cree, Inc. (NASDAQ: CREE) shares fell 11.2% to $27.15 after the company announced its plans to restructure its LED products unit and also announced a $500-million buyback plan. The company also lowered its revenue outlook for the fourth quarter. Share volume was 5.7 million, more than triple its all-day average

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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