October 6, 2011 7:17 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.
ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 11.96% today, and it closed at $13.99 as silver traded higher. This was the second trading session in a row that ZSL closed higher. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) fell 10.23% as Petroleo Brasileiro SA (ADR) (NYSE: PBR) jumped 6.19%, and Vale (ADR) (NYSE: VALE) added 4.46%.Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) lost 9.23% on Thursday, and it closed at $58.35. Bank of America Corp (NYSE: BAC) spiked 8.84%, and it closed at $6.28.Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) traded 8.06% lower today as Taubman Centers, Inc. (NYSE: TCO) gained 4.38%, and Equity Residential (NYSE: EQR) added 3.42%.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.