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.
Analog Devices, Inc. (NASDAQ: ADI) shares are trading higher by $4.00 at $73.82 in Tuesday's session. The catalyst for the rally to a new all-time-high is a Q4 beat of $0.16 along with $58 million beat for revenues. The company raised Q1 revenue guidance.
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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After a higher open, it had a brief dip to $72.94 before continuing its move higher. The ensuing rally took the issue to $74.87 before reversing course. That far exceeds its former all-time high that was made in June 2015 at $68.97.
The retreat off the highs came within $0.07 of the low for the day, only reaching $73.01. At this time, the issue is attempting to re-enter the $74 handle.