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.
On CNBC's Mad Money, Jim Cramer said that he is a buyer of Carnival Corp (NYSE: CCL). He would buy 50 percent of the position immediately and if it drops on some bad news, he would buy another 50 percent.
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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Chicago Bridge & Iron Company N.V. (NYSE: CBI) is too related to fossil fuels and Cramer doesn't want to buy it. He likes CVS Health Corp (NYSE: CVS), because it posted a great quarter. Cramer would buy the stock and he wants to start with 25 percent of a total position.
McDonald's Corporation (NYSE: MCD) has held very well in a weak market and Cramer would buy it. He thinks that the stock is going much higher and he would buy 50 percent of the position.