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 call options buying across the airlines sector.
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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Around 14,000 contracts of the August 65 calls were traded in Southwest Airlines Co (NYSE:LUV) in the first half of the session. In Delta Air Lines, Inc. (NYSE:DAL), traders bought around 10,000 contracts of the August 50/52.50 call spread.
Najarian also noticed very aggressive call options buying in American Airlines Group Inc (NASDAQ:AAL). Traders bought the August 50 calls in the name. There was also a large call options activity in JetBlue Airways Corporation (NASDAQ:JBLU). Najarian has a long position in Delta and he bought JetBlue on Thursday.