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.
Foot Locker, Inc. (NYSE: FK) shares are trading lower by $3.24 (5.5 percent) at $55.31 in Friday's session. An inline Q1 report for EPS was accompanied with a slight miss for revenues.
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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After a lower open, it rallied but found resistance one penny above Thursday's low ($56.51) and continued its move lower. The ensuing decline took the issue all the way to $53.83 before staging a rebound into the $55 handle.
If the decline continues through the intra-day low, there may be additional support at its February 2015 low of $53.41.