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.
Intel Corporation (NASDAQ:INTC) shares are trading lower by $0.76 at $35.15 in Monday's session. The catalyst for the decline is the announcement that the company will purchase Mobileye (NYSE:MBLY) for $63.54 per share in cash.
It's not that surprising as many acquirers after a fairly large purchase a company will being under some selling pressure. The reasons being shareholders will deliberate the merits of the deal's long-term impact on the performance of the acquirer.
See Also: Intel Kickstarts Autonomous Engine, To Buy Mobileye For $15 Billion
Off the open, Intel's stock seemed to have little impact as the issue opened flat. However, its attempt to rally ended just above Friday closing price of $35.91 at $36.04.
From that level, it has continued to make new lows for the session, with the current one standing at $35.01, which is just below its current price.
On the downside, there is one significant support level may came into play, its February 10 low ($34.84). That represents its lowest level since the issue reached a 16-year high on January 27 ($38.45). That high came one day after its Q4 beat for earnings and revenues.
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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