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.
Speaking on Bloomberg Markets, Kevin Kelly of Recon Capital Partners shared with the viewers his bearish options strategy in Energy Select Sector SPDR (ETF) (NYSE:XLE).
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Kelly wants to buy the December 64/56 put spread for $2.40. The trade breaks even at $61.60 or 4.60 percent below the current stock price. If the stock drops 13.27 percent at the December expiration, the trade is going to reach its maximal profit of $5.60.
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.