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.
David Bartosiak of Zacks.com shared with the viewers of Bloomberg Markets his bullish options trading strategy for NVIDIA Corporation (NASDAQ: NVDA).
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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He explained that the company is getting into autonomous driving and he sees that as a positive catalyst for the stock. NVIDIA is going to post earnings on February 17 and Bartosiak wants to buy a call option that expires on February 19. Specifically, he wants to buy the February 28.50 call for $1.30.
The breakeven for the trade is $29.80 or 5.6 percent higher from the closing price on Thursday.