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.
ICU Medical, Incorporated (NASDAQ: ICUI) shares are trading higher by $11 at $136.96 in Thursday's session. The Street is showing its approval of the purchase of Hospira Infusion Systems Unit from Pfizer Inc (NYSE: PFE) for $1 billion in cash and stock.
However, some investors have chosen to sell the news and take profits on the issue as it soared to a new all-time high. In fact, its former high from August 9 ($128.93) was improved on a wide margin.
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!
Following a sharply higher open ($141.75 vs. Wednesday's close of $125.96), the issue blew the early short out of the water as it quickly moved to $146.76 before sharply reversing course.
After slicing through the opening price, which may have been an exit for aggressive traders trying the long-side or trigger another round of shorting for those so inclined, it has fallen as low as $135.27.
At this time, it's attempting to mount a rebound, but so far the rebound has been capped at $138.21.
Today's price action is taking place on much higher than average volume as 520,000 shares have traded only 40 minutes into the session. The 20-day average volume for the issue is only 99,200 shares.
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.