November 23, 2015 2:32 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.
Facebook (NASDAQ: FB) shares are trading lower by $1 at $106.32 in Monday's session. Following a flat open i t had a brief rally but found resistance just above Friday's close ($107.32), reaching $107.46 before heading lower.This marks the fourth day in a row it has found resistance in the mid to upper $107 handle. On Wednesday, Thursday and Friday of last week all three of the highs were in a tight range between $107.73 and $107.88.The issue is now approaching last Thursday's low ($105.95), so far only reaching $106.08.
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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