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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Speaking as a guest on CNBC's "Fast Money Halftime Report" last week, Cooperman explained that his analysts have held a "very bullish" stance on the stock market, which implies his value-oriented Omega Advisors' hedge fund couldn't be as aggressive as had hoped.
Cooperman still believes that there are stocks that fit in with his value-oriented strategy, including mega-large cap names like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB) — both of which he has no problem buying at current prices.
In Alphabet's case, the stock is trading at just 18.4x next year's earnings while Facebook is trading at 17x earnings."Not expensive — not expensive at all," he emphasized.
19 Stocks To Follow
Cooperman told CNBC he is closely watching 19 different stocks, including Facebook and Alphabet.
Here is the full list:
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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.