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 "Fast Money Halftime Report", Pete Najarian said that he noticed unusually high options activity in Fiat Chrysler Automobiles NV (NYSE:FCAU) for a second day in a row. On Wednesday, traders bought around 11,000 contracts of the August 12 calls and in the first half of the session on Thursday, they bought additional 6,000 contracts. Pete Najarian added that it looks like the stock wants to break out. He owns calls in Fiat Chrysler and he's planning to hold it for three weeks.
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Jon Najarian noticed a large options activity in Under Armour Inc (NYSE:UAA). Traders bought over 8,000 contracts of the August 20.50 call. Jon Najarian decided to follow the trade and he's planning to hold the position for two weeks.
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.