27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Under Armour Inc (NYSE: UA) shares are trading lower by $6 at $69 in Monday's session. The catalyst for the continuation of its sharp decline is a downgrade from Morgan Stanley from Equal-weight to Under-weight.
In addition, the price target for the issue was lowered from $103 to $62.
After a lower open, the issue attempted to rebound but find resistance well ahead of the lower-end of Friday's range ($74.78), only reaching $72.41.
So far, the ensuing decline has taken the issue to $68.51 before rebounding into the $69 handle.
The last time the issue traded under $70 was back on January 23, 2015, when it made an intraday low at $69 and ended the session at $69.82.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!