November 19, 2015 11:36 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.
Apple Inc. (NASDAQ: AAPL) shares are trading higher by $1.70 at $118.99 in Thursday's session. It is trading higher for the third day in a row and the fourth time in the last five sessions (rallying from last Friday's close of $112.34 to its current level) Most of the gains were accrued on Wednesday, when the issue was added to the Conviction Buy List at Goldman Sachs.Off the opening bell it bottomed at $116.75 and began to move higher. It has continued to make new highs and is now approaching the $119 level. There is avoid in price action up to $120.05, when the issue fell from that level on November 9 following a Credit Suisse downgrade.
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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