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.
Mike Khouw said on CNBC's "Options Action" that he noticed unusually high options activity in Marathon Oil Corporation (NYSE:MRO).
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The stock dropped 5.2 percent on Wednesday, but the call options volume was twice the average daily call options volume. There was one particularly large trade in the name. A traders bought 5,000 contracts of the July 13 calls for $0.30. The trade breaks even at $13.30 or 8.93 percent higher.
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.