Mike Khouw Sees Unusual Options Activity In Micron Technology, Inc.

by Benzinga Staff
July 3, 2015 9:41 AM | 26 seconds read | Make a Comment

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.

Mike Khouw said on CNBC's Options Action

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that call options outnumbered put options 2 to 1 in Micron Technology, Inc. (NASDAQ: MU) on Thursday. He noticed that traders were buying the January 2017 25 calls and it looked to him that someone is trying to roll a position.A trader bought over 20,000 contracts of the January 2017 25 calls for $1.75, taking a bet that Micron Technology, Inc. could rebound. The trade would be profitable if the stock jumps 40 percent or more in 18 months.

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.

Posted In: CNBCMediaMike KhouwOptions Action

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