November 10, 2010 10:44 AM | 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.
Shares of Noble Energy, Inc. (NYSE: NBL) are lower on the session by 1.29%, currently trading at $84.12. The stock has been moving largely higher over the past six months, trending higher above the 50-day and 200-day moving averages.Options traders are buying puts on the name today. A short while ago the November $85.00 put was purchased 1,000 times, on the offer, on open interest of only 754 contracts. This signals new positioning on the strike. Overall put volume is now running at 3.65x the daily average with 62% of all puts traded being purchases on the offer. Noble Energy, Inc. is an independent energy company, which is engaged in the acquisition, exploration, development, production and marketing of crude oil, natural gas, and natural gas liquids. The company operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the United States, with international operations offshore Israel and West Africa.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.