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.
Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are trading lower by $24.00 (6 percent) at $372.00 in Tuesday's session. The catalyst for the sharp decline are comment from a Chipotle executive that the company isn't rebounding from the e-coli fiasco as they had predicted.
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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The comment, which came during the pre-market session, ignited an immediate tailspin that continued into the early part of the regular session. Within one minute of the announcement, it fell $8 from to $398.00 to $390.00 and the selling was just getting started.
The selling crescendo didn't end until the issue reached $365.33 and so far has rebounded into the $370 handle. That low comes in just below its November 3 low ($366.51), but well above its November 2 low ($358.63).