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 Options Action, Mike Khouw said call options volume in iShares Dow Jones US Home Const. (ETF) (NYSE:ITB) on Wednesday was 6 times higher than its average daily call options volume.
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Traders were buying the January 38 calls for $0.60. The trade breaks even at $38.60 or 22.31 percent above the closing price on Wednesday. Around 24,000 contracts were traded, which is a $1.44 million bet that iShares Dow Jones US Home Const. (ETF) is going to trade more than 22.31 percent higher at the January expiration.
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.