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.
GoPro Inc (NASDAQ: GPRO) shares are trading lower by $0.80 (7.3 percent) at $10.06 in Wednesday's session. In the midst of the election coverage, the company announced it recalled 2,500 units of its Karma drone do to power issues.
Off the opening bell, it immediately bottomed at $9.75 and began to rebound. That low coincides with its low on November 4 ($9.90), which was made the day following its worse-than-expected Q3 report.
On the rebound, it found resistance just ahead of the lower end of Tuesday's range ($10.44), only reaching $10.30 before heading back to the lows for the session.
The announcement has prompted three different Wall Street firms to downgrade the issue.
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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