March 29, 2011 1:57 PM | 1 min read |
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.
Shares of Skechers U.S.A. (NYSE: SKX) are lower on the session by 0.47%, currently trading at $18.88. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average.Options traders are buying calls on the name today. A short while ago the May 2011 $21.00 call was purchased 3,100 times, on the offer, on open interest of 672 contracts. Overall call volume is now running at 4.21x the daily average with 94% of all calls traded being purchases on the offer. Skechers U.S.A., Inc. design and market Skechers-branded contemporary footwear for men, women and children under several lines. addition to Skechers-branded lines, the company also offers several designer, fashion and street-focused footwear lines for men, women and children.
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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