Stinky Market

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.

This reminds me of the market at some points in 2010 and early 2011 where almost all the day's gains were in premarket, and during normal hours the market was actually negative. This is quite uninspiring action by the bulls. Given a 1% head start during the premarket gap up, they have given up 0.8% of it back. Still a chance we get that rare 7th straight down week if things don't improve in the closing 2 hours.

27% profit every 20 days?

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!