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.
According to Institutional Investor's Alpha, Greenlight Capital's David Einhorn is shorting high-flying stocks Tesla Motors Inc (NASDAQ: TSLA), Netflix, Inc. (NASDAQ: NFLX) and Amazon.com, Inc. (NASDAQ: AMZN).
The site said a person that was at the firm's annual meeting with investors in New York said the firm was still betting against two of the best performing stocks of 2015, plus Tesla.
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Greenlight's Poor Performance
In a recent letter sent to investors, Einhorn said that the funds that he manages lost 3.8 percent in the fourth quarter of 2015 – net of fees and expenses. For the full year, Greenlight reported a loss of 20.2 percent, versus the S&P 500’s 2.15 percent decline.
According to the epistle, two of the main drivers of the firm’s losses were its short positions at Netflix and Amazon.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.