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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Resolute Energy is a small-cap independent oil and gas company that traders may want to keep on their radar as the name has been exploding in recent months and has now formed a clear cup and handle pattern.
New intra-day highs in the stock will be breached if the stock can climb above the $8.30 level, but the stock is already trading very close to its 52-week high on a closing basis. Over the last three months, shares have surged better than 132 percent.
The catalyst for the move in the name appears to be the company's Q3 earnings report, which is due out after the closing bell. Wall Street analysts are anticipating that the company will report an earnings per share loss of $0.03 versus a loss of $3.46 in the year-ago quarter.
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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.