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 Halftime Report, Pete Najarian spoke about unusually high call options activity in Teck Resources Ltd (USA) (NYSE:TECK). He said traders were buying aggressively the August 26 calls in the first half of the trading session on Monday.
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Around 6,000 contracts were bought for around $1.60, which sets the break even for the trade at $27.60 or more than 20 percent higher from the current market price of the stock. Najarian decided to follow the trade and he is going to hold the position for at least a couple of months.
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.