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.
Dan Nathan suggested on CNBC's Options Action a bearish options strategy in Starbucks Corporation (NASDAQ: SBUX).
He explained that the company is facing a stagnation of its business in the U.S. and the management is hoping to grow the business internationally, especially in China. The recent move in the U.S. dollar is going to hurt that idea and Nathan wants to set up a bearish position in Starbucks Corporation.
Nathan wants to buy the January 55/50 put spread for $1. The trade breaks even at $54 or 2.8 percent below current market price and it can maximally make a profit of $4.
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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