August 8, 2011 5:23 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) traded 28.59% higher on Monday. This was the fifth trading session in a row that TVIX closed in the positive territory. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) spiked 27.84%, and closed at $79.73 today. In the space, Bank of America Corporation (NYSE: BAC) dropped 20.32%, and Citigroup Inc. (NYSE: C) fell 16.42%.Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) gained 26.26% as Simon Property Group, Inc (NYSE: SPG) lost 8.36%, and Boston Properties, Inc. (NYSE: BXP) dropped 8.06%.Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) jumped 26.02% in the regular trading session, and it added 2.88% in the after hours. TZA closed the regular session at $64.27, and it had a volume of 33M traded shares.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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