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.
3M Co (NYSE: MMM) shares are trading higher by $7 at $144.57 in Tuesday's session. Investors are applauding its Q4 EPS beat of $0.17 with a slight miss in revenues. Also, the company affirmed FY16 EPS guidance.
After a sharply higher open, it fell back but found support ahead of the upper-end of Monday's range ($139.37), reaching $140.33 before resuming its move higher.
If the rally continues beyond its current intra-day high, there may be additional resistance at its January 6 high of $145.76.
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!