August 3, 2015 12:18 PM | 1 min read |
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
em>Joel Elconin is the co-host of
Benzinga's #PreMarket Prep, a daily trading idea radio show.Twitter Inc (NYSE: TWTR) shares are trading lower by $1.35 at $29.66. The issue has been in a tailspin since the company submarined their own stock on its conference call following its upbeat Q2 report.The issue, which had been trading sharply higher immediately after the report, began to lose serious altitude when the company's CFO suggested that he is not expecting ‘sustained meaningful growth in MAU's until the mass market is reached."Twitter bears have feasting on that statement and now have the issue approaching its all time low. After a weal close on Friday ($31.01), the issue had a brief rally to $31.09 before the floodgates opened. It has continued to make new lows for the day and is now approaching its all time low from May 2014 at $29.51.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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