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 of AlphaShark suggested a bullish options trade in Cliffs Natural Resources Inc (NYSE: CLF). He analyzed the stock from the technical standpoint and he concluded that it's reasonable to expect a breakout above the recent resistance of $10.90.
He has also noticed unusually high bullish options activity in Cliffs Natural Resources, which makes him think the stock is going higher.
To make a bullish bet, Keene wants to buy the April 12/13 call spread for $0.20. The trade breaks even at $12.20 or 24.62 percent higher and it can maximally make a profit of $0.80.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!