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.
On CNBC's Fast Money Final Trade, Jon Najarian said there was a big options volume in Pitney Bowes Inc. (NYSE:PBI) on Tuesday. He noticed somebody bought the October 15 calls and he sees the trade as significant, because the volume was much higher than the open interest. Najarian decided to follow the trade and he's planning to hold the position for a month or two months.
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Pete Najarian bought calls and shares in Union Pacific Corporation (NYSE:UNP), because he noticed increased options activity in the name lately. On January 30, somebody bought 70,000 contracts of the January 2018 130/150 call spread and the aggressive buying continued with an additional purchase of 70,000 call spreads on Friday. Najarian added there was also a big volume in March 110 calls on Tuesday.
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.