July 14, 2011 10:33 AM | 1 min read |
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.
The metals market is much higher today, with the notable exception of copper, which has struggled to come back into positive territory. Equities are higher, with all three indexes higher. Copper is down .015 cents to trade at $4.4025, a loss of 0.03%.Ipath Dow Jones Ubs Copper Total ETF (NYSE: JJC) is up 10 cents to $57.79, a gain of 0.17%.Silver is up sharply, up $1.20 to $39.35, as it looks like $40 is the next mark for the precious metal.Shares of Ishares Silver Trust ETF (NYSE: SLV) are up $1.05 this morning, to trade at $38.29, a gain of 2.85%.Gold is up $7.50 an ounce to $1,593.00, a gain of almost 0.5%.Shares of Spdr Gold Trust ETF (NYSE: GLD) are up 91 cents to $155.05.Platinum is up $13.40 an ounce, trading at $1,780.40, a gain of 0.76%.The platinum ETF settings First Trust ISE Global Platinum Index (NASDAQ: PLTM) is up 23 cents this morning to trade at $28.41, a gain of 0.8%.Palladium is up $2.80 an ounce today, trading at $786.80, as it looks like it will break $800 an ounce.Shares of ETFS Physical Palladium Shares (NASDAQ: PALL) are sharply lower today, up 48 cents to $77.83.
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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