May 17, 2016 1:23 PM | 1 min read |
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.
Icahn Enterprises are unchanged at $52.75 in Tuesday's session. The issue has just rebounded from a spike to $51.53, that was triggered by a rating downgrade in its LP rating from BBB- to BB+ with a stable outlook.The issue, which has lost almost two-thirds of its value since it peaked in December 2013 at $149.77, at the height the "I want to be like Icahn mania". That top coincided with multiple Icahn tweets boasting his large stakes in the markets.http://www.benzinga.com/general/movers-shakers/13/12/4184475/the-herd-continues-to-flock-out-of-icahn-eneterprisesThe issue is still well off its three year plus low of $42.50, that was made on February 11. At this time, Icahn has placed a large bet on a market meltdown as he now touts his 150 percent net short position.
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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