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.
NVIDIA Corporation (NASDAQ:NVDA) was one of the hottest stocks of 2016 despite a selloff at the end of the year.
After flirting with the $100 per share mark in early 2017, Nvidia's stock hit a new all-time high of $120.92 Tuesday just two days before the company is scheduled to report its fourth quarter results.
Jim Cramer commented during his daily "Stop Trading" segment that the strong momentum seen in Nvidia's stock heading into an earnings report isn't that common. However, in Nvidia's case, there may some justification in doing so.
Cramer highlighted November 10, 2016, as being a key milestone in Nvidia's history. On that day, shares soared more than 10 percent after the company's third quarter report confirmed "how much they are not just a cell phone chip company."
Flash forward to present day and Cramer believes Nvidia will prove to investors in its Thursday report that it's a bigger company relative to expectations.
Cramer believes Nvidia will solidify its position as being "the chip company for all things that are really cool," including the newest technologies in the Internet of Things (IoT) category.
However, Cramer did caution investors that new investors are jumping into the stock now should hope for Nvidia to report a "GOAT" quarter - Greatest (quarter) Of All Time.
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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