Facebook In Danger Of Ending Three Day Winning Srreak

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.

Facebook (NASDAQ: FB) shares are trading lower by $0.88 at $114.21 in Tuesday's session. Since it blew away Q4 estimates last Wednesday, the issue has added over $20 since its January 27 close of $94.45.Earlier in the session, it easily surpassed its former all time high of $115.72, reaching $117.59 before reversing course. So far, the ensuing decline has taken the issue to $113.84 and continues to make new lows for the day.If the decline continues, the next support level based on the daily charts may not come in until Monday's low of $112.01In order to post a new all time closing high, it would need to exceed Monday's close of $115.01.

27% profit every 20 days?

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!