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.
This morning, the leading transportation stocks are coming under some heavy selling pressure along with the major stock indexes. The iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by $1.44 to $84.88 a share. Short term traders can watch for intra-day support around the $84.75 and $83.90 levels. Many traders and investors will follow the transportation index very closely as a sign of expansion and contraction in the global economy. Obviously, the transportation index is signaling contraction today.
Some of the leading transportation stocks that are declining today include FedEx Corp (NYSE: FDX), CSX Corp (NYSE: CSX), United Parcel Service Inc (NYSE: UPS). Traders can expect these leading stocks to see intra-day bounces when the IYT reaches important support. This sector is trading very close together at this time.
Nicholas Santiago
InTheMoneyStocks.com
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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