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 April 21, the bulls took control of MicroVision, Inc. (NASDAQ:MVIS) at $10.33 a share. Three trading days later, this Monday, shares closed at $26.44.
But the bears crushed it on Tuesday. MicroVision opened at $27.63 and closed at $20.16, a drop of about 24%.
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!
See also: Best Stocks Under $5
Shares are trading higher Wednesday morning, but considering the magnitude of Tuesday's sell-off, it’s a relatively small move. There’s a good chance that the bears take over once more and push MVSI lower.
See Also: What Went Down With MicroVision Stock?
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.