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.
Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in Walt Disney Co (NYSE:DIS). He said that the options volume on Wednesday was 1.5 times the average daily volume and there was one trade in the August expiration that caught his attention.
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A trader bought 1,000 contracts of the August 111 calls for $1.10. The trade breaks even at $112.10 or 3.16 percent above the current stock price. The company is going to report earnings on August 8 and Nathan thinks it would be a good idea to use options to make a bullish bet.
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.