27% profits every 20 days?
This is what Nic Chahine averages with his options 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 Trading Nation, Andrew Keene recommended a long position in MGM Resorts International (NYSE: MGM). He said the stock is trading close to its resistance, but he expects it to break above the resistance and reach $35.
Keene is bullish on MGM Resorts International, because he noticed a big call options activity. He wants to initiate a long position by purchasing the June 30/35 call spread for $1.50. The trade breaks even at $31.50 or 7.40 percent higher and it can maximally make a profit of $3.50.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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