AK Steel Holding Corporation (NYSE:AKS) shares are trading higher by 76 cents (11 percent) at $6.71 in Tuesday's session.
The catalyst behind the rally is a Q2 EPS beat of 7 cents along with a slight beat for sales.
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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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.
After a higher open, AK Steel had a brief 7-cent retreat to $6.35 before continuing its move higher. So far, the ensuing rally has reached $6.88 and isn't far off that level as of 12 p.m. EST.
If the rally continues, there may be additional resistance at the pair of highs from June 29 ($7.00) and June 30 ($7.04).