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.
Whiting Petroleum Corp (NYSE:WLL) shares are trading lower by $0.69, or nearly 9 percent, at $7.28 in Tuesday's session. The catalyst for the sharp decline appears to be a downgrade from Goldman Sachs. Before the open, the firm lowered its rating on the issue from Neutral to Sell.
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.
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After a lower open, it could only manage a $0.03 bounce to $7.65. before continuing its mover lower. It has continued to make new lows for the session, with the current one standing at $7.25. That far exceeds its former low for the move that was made on May 4 at $7.66.
The issue has not been under $7.00 since April 2016, when it bottomed at $6.75.