Apple Battles Back After Earnings Miss - Apple (NASDAQ:AAPL)

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.

Apple Inc. (NASDAQ: AAPL) shares are trading lower by $6.50 at $97.85 in Wednesday's session. The issue is being punished for its EPS miss of a dime and nearly a $1.50 miss for revenues.After a lower open, it continued lower only $0.32 before finding a bottom at $95.68 and began to move higher. That marks the lowest level for the issue since it bottomed on February 25 at $95.25.Many trading platforms are showing an erroneous print at $98.71 shortly after the open, but for intensive purpose the issue is trading at its high for the day at $98.53 and may be heading for the $100. It has a huge void in price action up until Tuesday's low ($103.91).

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!