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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ACTION ITEMS:
Bullish:
Traders who believe that Chevron will rebound in Brazil might want to consider the following trades:
Traders who believe that Chevron's Brazil problems are just starting may consider alternative positions:
Bullish:
Traders who believe that Chevron will rebound in Brazil might want to consider the following trades:
- Long the Energy Select Sector SPDR (NYSE: XLE). Chevron is that ETF's number two holding.
- Long Exxon Mobil (NYSE: XOM) as those two stocks have a tendency to move in tandem with each other.
- Long Chevron as a conservative dividend play.
Traders who believe that Chevron's Brazil problems are just starting may consider alternative positions:
- Long Petrobras. Brazil's government gives the company all the best projects in Brazil.
- Long the iShares MSCI Brazil Index Fund (NYSE: EWZ). Plenty of Petrobras exposure without owning the stock directly.
- Long the ProShares UltraShort Oil & Natural Gas (NYSE: DUG) to play weakness in Chevron. (
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.