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.
On CNBC's "Fast Money Halftime Report", Pete Najarian said that he noticed unusually high options activity in ArcelorMittal SA (ADR) (NYSE:MT). Traders were buying the June 21.50 calls, which expire on Friday, June 30.
Around 11,000 contracts of the June 21.50 calls were traded on Friday. Najarian thinks that the stock might trade to $26, if it breaks above its 50-day moving average. He owns call options in ArcelorMittal and he is planning to hold them for a week.
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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