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.
Tim Biggam of Delta Derivatives spoke on Bloomberg Markets about his bearish options trade in Market Vector Russia ETF Trust (NYSE: RSX).
He thinks the stock is overbought as its 14-day RSI is trading over $80. He wants to take a short position with a purchase of the January 22 puts for $1.50. The trade breaks even at $20.50 or 3.80 percent below the current market price.
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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