November 10, 2015 2:23 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.
McDonald's Corp (NYSE: MCD) shares are trading higher by $0.50 at $113.43 in Tuesday's session. The issue has one of most volatile trading session in years following the announcemetn the company will not be pursuing REIT status. Instead, the company plans raise its dividend and focus on re-franchising. After a 45 minute halt , the issue swooned from $112.89 to $110.75 before exploding to the upside. So far, the rally has taken to a new all time high ($114.99), easily surpassing the former all time high of $113.96. In order to post a new all time closing high, it will need to settle above Friday's close of $113.31.
Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com.
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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