Benzinga's Top ETF Decliners, September 6th (DZK, FXF, FAS, AGQ)

by Benzinga Staff
September 6, 2011 7:16 PM | 1 min read | Make a Comment

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.

Direxion Daily Developed Markets Bull 3X Shares(ETF) (NYSE: DZK) dropped 9.60% on Tuesday as HSBC Holdings plc (ADR) (NYSE: HBC) traded 3.16% lower. CurrencyShares Swiss Franc Trust (NYSE: FXF) lost 8.34% on the news that the Swiss National Bank will no longer tolerate an exchange rate below 1.20 francs to the euro.Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) fell 5.42%, and it closed at $12.38. In the financial sector, Bank of America Corp (NYSE: BAC) dropped 3.59%, and Morgan Stanley (NYSE: MS) lost 3.95%.ProShares Ultra Silver (ETF) (NYSE: AGQ) traded lower today, along with silver. AGQ dropped 5.26%, and it closed at $231.08.

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.

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!

Posted In: Sector ETFsCurrency ETFsETFs

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.