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.
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USD/CAD hit 0.9850 during early U.S. trade, the daily high; the pair subsequently consolidated at 0.9802, easing up 0.09%.
The pair was likely to find short-term support at 0.9771, last Thursday’s low and resistance at 0.9868, Friday’s high.
On Sunday, euro zone finance ministers said Greece will get the next round of its existing bailout package in early July, if it can pass new spending and economic reforms by the end of the month.
Greece’s parliament was expected to vote on the controversial new austerity package on Tuesday.
Meanwhile, crude oil for delivery in July was trading close to a four-month low on the New York Mercantile Exchange, slipping 0.04% to trade at USD93.30 a barrel.
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The Canadian dollar was almost unchanged against the euro, with EUR/CAD inching up 0.02% to hit 1.4019.
With no major economic events scheduled for release on Monday, markets turned their focus to the U.S. Federal Reserve’s policy setting meeting later in the week, where it was expected to reaffirm its pledge to hold interest rates near zero for an extended period.
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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.