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.
Speaking on CNBC's Options Action, Mike Khouw said that the options daily volume in Lululemon Athletica inc. (NASDAQ: LULU) on Tuesday was five times larger than its average daily options volume.
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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The company was scheduled to report earnings on Wednesday morning and it moves 10 percent on average on the event. The options market is implying another 10 percent move in the name, added Khouw.
He noticed that the most active options in Lululemon Athletica were the April 1, 67 strike call options and they were trading for $0.60. Their buyers see the stock above $67.60 or 10 percent higher until the April 1 expiration.