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.
Kevin Kelly of Recon Capital Partners shared with the viewers of Bloomberg Markets his bullish trading idea in Amazon.com, Inc. (NASDAQ:AMZN) ahead of earnings.
The company is going to report earnings on Thursday and Kelly wants to sell the May 5th, 892.50 strike put and use the proceeds to buy the May 5th, 910/950 call spread. He would make money, if the stock closes above $910 at the May 5th expiration and he can maximally make $40. If Amazon drops below $892.50, the trade is going to lose money.
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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