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.
Blackberry Ltd (NASDAQ: BBRY) shares are trading lower by a dime at $6.89 in Tuesday's session. The issue has been in a horrible slump since December 30.
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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Since then, it has been lower in 10 of its last 11 sessions. Over that time period, it has declined from $9.35 to under $7.
It should be noted today's quick decline off the open found support in the same area as Friday's low ($6.72), only reaching $6.85. If the decline continues beyond those lows, there may be additional support at its October 6 low ($6.61).