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.
On CNBC's Options Action, Dan Nathan spoke about options trading volume in General Motors Company (NYSE: GM). He said that call options volume was two times higher than the put options volume, but the trading action was not bullish because there was a closing seller of calls in General Motors.
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Nathan added that somebody sold to close 25,000 contracts of the January 40 calls for $0.21. He explained that the trader probably decided to close the position, because there is a low probability that these calls would expire in the money. Nathan also said that he is not a buyer of stocks in the auto manufacturing sector.
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.