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 "Options Action", Mike Khouw spoke about unusually high options activity in Target Corporation (NYSE:TGT) ahead of earnings. The put options volume was two times the average daily put options volume.
The most active were the August 53.50 puts. Over 4,500 contracts were traded at an average price of 45 cents. The trade breaks even at $53.05 or 4.91 percent below the current stock price. Khouw added that the implied move for the stock, ahead of earnings, is 4.4 percent.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!