27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
GoPro Inc (NASDAQ:GPRO) shares are trading higher by $1.73, 21 percent, at $9.99 in Friday's session. The catalyst for the rally is a Q2 EPS beat of 16 cents along with a sales beat of $26 million. The company also raised Q3 guidance
After a higher open, GoPro retreated but found support well ahead of the top of Thursday's range ($8.38), only reaching $9.31 before continuing its move higher. It has crossed the psychological barrier of $10.00 as $10.19 stands as the high for the session as 11:48 a.m. EST.
That marks the first time the stock is in double digits since it ended its February 2 session at $10.97. The following day it swooned to $9.59, when the Street wasn't pleased with its Q4 report.
Its all-time low was made in March at $7.31 and traded in the $7.00 handle in June, July and as recently as Tuesday and Wednesday, when it had respective lows at $7.96 and $7.98.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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