Jack Put In The Box After Q4 Report

by Benzinga Staff
February 18, 2016 11:34 AM | 27 seconds read | Make a Comment

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.

Jack In The Box Inc. (NASDAQ: JACK) shares are trading lower by $13 at $63.91 in Thursday's session. The catalyst for the decline is a Q4 miss by a dime with roughly $5 million less in revenues.The immediate reaction in the after-hours session was a spike down to $61.01. However off the open, it found support ahead of that level at $62.20. So far, the rebound off the low has stalled at $64.14.The added significance to the $64 area results from $63.94 being its August 24 Flash Crash low.

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.

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