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.
Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in Newell Brands Inc (NYSE:NWL). Around 4,000 contracts of the January 50 calls were bought in the first half of the trading session. Traders also sold a higher strike against them. Najarian followed the trade and he is planning to hold it for a month or two months.
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Pete Najarian noticed unusual activity in Alcoa Corp (NYSE:AA). Early in the session, traders were buying the October 42 calls and they paid $1.30 for them. They bought more than 10,000 contracts in a block trade. The trade breaks even at $43.30 or almost 9 percent above the closing price on Tuesday.
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.