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.
NXP Semiconductors NV (NASDAQ: NXPI) is on a high these days.
Ever since The Wall Street Journal broke news of QUALCOMM, Inc.'s (NASDAQ: QCOM) purported interest in NXP Semiconductors, the stock has catapulted, gaining 25 percent in the seven trading sessions that followed.
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Option traders are placing bets that the stock will appreciate in the near term despite the weakness in today's session. Call options expiring on Friday, October 14, are priced at $105, representing a $3 appreciation over the week.
Meanwhile, the January 2017 contract priced at $110 saw volumes of 3,907 and open interest of 6,738 and was the most actively traded call contract.
At last check, shares of NXP Semiconductors are down 0.29 percent at $102.69.
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.