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.
Shares of Vina Concha y Toro SA (ADR) (NYSE: VCO) were trading up more than 6 percent in Friday’s after-hours session on no particular news. The surge may be a correction of the 7.66 percent loss the stock experienced over the regular session.
Southwestern Energy Company (NYSE: SWNC) lost about 5.5 percent after the bell rang, losing all of the ground gained (5.22 percent) during the day. The stock had risen on Friday, even though oil prices continued to fall.
Alcobra Ltd (NASDAQ: ADHD) was down about 3.5 percent after the market closed. The decline seemed to be a continuation of the 12.22 percent tumble the stock experienced during the day, after the company priced an underwritten public offering of 6.175 million ordinary shares at $6.50 per share. Although gross proceeds are expected to reach roughly $40.1 million, investors did not seem happy.
Dollar Tree, Inc. (NASDAQ: DLTR) was up about 7 percent in the after-hours session, regaining the ground lost (6.5 percent) during the day. Increased stakes in the company were disclosed by the Vanguard Group and Wells Fargo.
Other stocks moving in Friday’s after hours included:
Cliffs Natural Resources Inc (NYSE: CLF), up more than 10 percent
Lions Gate Entertainment Corp. (USA) (NYSE: LGF), up 8.5 percent
Pra Group Inc (NASDAQ: PRAA), up more than 16 percent
Tuesday Morning Corporation (NASDAQ: TUES), up almost 9 percent
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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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