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.
Speaking on Bloomberg Markets, Kevin Kelly of Recon Capital Partners suggested that investors should consider a bullish options strategy in Southern Co (NYSE: SO).
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He thinks that Southern Co is one of the best run utility company and it's focused on growth. Kelly explained that the company added $2 billion to its capex to boost its growth and he believes it's a good idea to initiate a long position in the name. He wants to do that by selling the November 50 put for $0.52. The trade starts to lose money at $49.48 or 6.36 percent lower from the closing price on Tuesday.
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.