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.
On CNBC's "Options Action", Dan Nathan spoke about unusually high options activity in General Electric Company (NYSE:GE). He said that the call options volume was four times daily average call options volume and three times daily put options volume.
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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He noticed a large trade in the name. Somebody bought 18,000 contracts of the June 29 calls for $0.31. The trade breaks even at $29.31 or 1.28 percent above the current stock price.
Nathan said that he sees a pretty big valuation support in the mid-$20s for the stock.