November 12, 2015 12:46 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.
NCR Corp (NYSE: NCR) shares are trading lower by $0.11 at $26.67 in Thursday's session. The issue reached $27.80 off the open after Blackstone announced at 15 percent stake in the company.Since August the issue has found major resistance near the $28 level, making several attempts to clear that level but not being able to. The recent attempt was on September 16 and 17 when it put in a pair of highs at $27.95.The ensuing decline is attempting to find support ahead of the matching lows from Tuesday and Wednesday at $26.40, only reaching $26.60 and attempting to rebound.
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% 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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