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.
Zillow Group, Inc. (NASDAQ: ZG) has been under heavy pressure on Friday.
After closing at $34.28, the stock opened at $33.96 and continued lower throughout the morning. Traders passed around information of a potential short report against the company, as first reported on Benzinga Pro.
It should be noted that this type of information is price-sensitive, and these types of reports don't always get released after being leaked to traders or the media.
Zillow is up about 29 percent in 2016, for a gain of just over $7.60 per share. With this type of runup, it's not out of the ordinary that this stock would be that target of a short seller.
The stock traded recently at $33.43, down 2.5 percent on the day.
Benzinga will update as more of this story develops.
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.
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!