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.
Sears Holding Corp (NASDAQ: SHLD) shares are trading lower by $0.12 at $12.00 in Thursday's session. The Street is not impressed with its smaller than expected loss of $0.95 along with a slight revenue beat.
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 lower open, it immediately found support under the trio of lows from the last three sessions at the $11.50 area, bottoming at $11.39. So far, the ensuing rally has stalled a penny from Wednesday's close ($12.12) at $12.11. That close was only a nickel off Wednesday's high of $12.17.
If the rally continues, Tuesday highs rests at $12.22 and Monday's high is up at $12.61.