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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August average daily volume (ADV) of 4.1 million total option contracts on CBOE fell 13 percent month-on-month and 31 percent year-over-year. Barclays trimmed its third-quarter total options ADV estimate to 4.24 million from 4.59 million.
"We saw a decline in total RPC trends for the three months ended July ($0.401 vs. $0.405), primarily driven by equity and ETP options pricing. Our overall 3Q16 RPC estimate moves to $0.387 from $0.394," analyst Kenneth Hill wrote in a note.
Hill also slashed his 2016 EPS estimate to $2.34 from $2.47 and price target to $52 from $54.
At time of writing, shares of CBOE fell 1.13 percent to $68.17.
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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.