November 11, 2015 12:56 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.
Macy's (NYSE: M) shares are trading sharply lower by $6.50 at $40.52 in Wednesday's session. The catalyst for the decline is sharply lower Q4 and FY 2015 guidance following a Q3 beat of $0.02.After a sharply lower open, it rallied only $0.15 to $42.81 before continuing to move lower. The ensuing decline has taken the issue to $40.10 and it is attempting to rebound.Macy's has not traded under $40 since February 27, 2013, when it bottomed at $39.62. The issue has lost 45 percent since making its all time high in July at $73.61.
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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