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", Jon Najarian spoke about a bullish options activity in Tripadvisor Inc (NASDAQ:TRIP). He said that somebody bought around 3,000 contracts of the August 40 call in the first half of the trading session.
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 also noticed that traders were buying the October 26 calls in Ciena Corporation (NYSE:CIEN). Jon Najarian followed the trade and he's planning to hold the position for two months.
Pete Najarian said that he noticed increased options activity in Vipshop Holdings Ltd - ADR (NYSE:VIPS). Traders were buying the July 11.50 calls. Over 7,000 contracts were bought as somebody is expecting the stock to move above $11.50.