August 13, 2015 2:17 PM | 1 min read |
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.
em>Joel Elconin is the co-host of
Benzinga's #PreMarket Prep, a daily trading idea radio show.Cisco Systems (NASDAQ: CSCO) shares are trading higher by $1 at $28.90 in Thursday's session. The catalyst for the rally is a Q4 beat for EPS ($0.59 vs. Est. $0.56) and for sales ($12.88B vs. Est. $12.66B). In addition, the company revealed inline guidance for Q1.The issue, which had been in trading range since July 13 between $27.41 and $28.77 has cleared the upper end of the range in today's session.After a higher open, it quickly ran to $29.21 before reversing course and coming down to make a new low for the day. The intraday high coincides with a trio of highs in the issue from $29.22-$29.35 from June 18-22,Today's price action is taking place on heavier than average volume. So far, 43.4M shares have changed hands compared to its 20 day average of 25.37M.
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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