December 28, 2015 5:08 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.
Shares of the beaten-up coal player Peabody Energy (NYSE: BTU) gave up a large chunk of last week's gains Monday. Peabody's stock price rose from around $7.44 at the close on December 21 to $9.62 on Christmas Eve, December 24. Most traders attributed the rebound from 52-week lows to an after-hours SEC filing on Monday of last week which disclosed the Wyoming Department of Environmental Quality finished its review of company-related permits which needed renewal. During Monday's session, traders focused on
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.
from Seeking Alpha entitled "Peabody Energy: A Distressed Short Opportunity." The stock, which rallied nearly 30 percent over the holiday-shortened Christmas week, closed Monday's session down about 14.5 percent to $8.24. Volume was slightly higher than normal; about 1.13 million shares exchanged hands versus average daily volume of about 909,000 shares.
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