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.
Snap Inc (NYSE:SNAP) shares are trading higher by $0.40 (1.7 percent) at $22.86 in Tuesday's session. After Wednesday's close, the company will report its first earnings report as a public company.
Since its IPO on March 3, the stock raced to $29.44 before retreating to $18.90. Over the last nine sessions (including today), it has traded in a narrow range between $21.58 and $23.57.
See Also: The Sell-Side Sentiment On Snap Ahead Of Its First-Ever Earnings Report
After a higher open, Snap's stock had a $0.03 retreat to $22.67 before continuing its move higher. So far, the ensuing rally has yet to reach the top of its recent trading range as $23.00 stands as the high for the session as of 1:20 p.m. EST.
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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