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.
Nate Tobik was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
Nate Tobik, founder of CompleteBankData.com, discussed several stocks. Among them was JPMorgan Chase & Co. (NYSE: JPM), which reported earnings last week and saw its stock surge almost 3 percent since, hitting a new all-time closing high on Wednesday.
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The expert said the company is “firing at all cylinders, and they are doing very well.” He believes JPMorgan tends to drop and then bounce back. However, each time they renounce, they recoil higher. He would say this is a “decent stock to hold on to for a while.”
Related Link: Why This Expert Thinks Bank Of America Is Still A Buy At $18
Tobik continued, “for everyone who is talking about how bad the banking environment is, Jamie Dimon recently became a billionaire, basically from running this bank, so it is clearly not that bad of an environment.”
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.