Acacia Communications, Inc. (NASDAQ:ACIA) shares are trading higher by $3.90 (8 percent) at $59.92 in Monday's session.
The Street in finding value in the issue at current levels even though its CEO Murugesan Shanmugarj disposed of 26,000 shares of the company's stock in a translocation on February 6. The average price of the sale was $57.12 for a total value of $1,485,120.
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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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.
The sale price is much closer to its recent low for the current slide ($54.25) than to its all-time high made in August at $128.73.
The Street is shrugging of the sale as the issue is trading higher by almost $4.00 on heavy volume. With four hours remaining in the session 1.4 million shares have traded compared to its 20-day average of 1.25 million.