December 27, 2011 7:52 PM | 1 min read |
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.
ProShares Ultra DJ-UBS Crude Oil (NYSEARCA: UCO) jumped 2.92% on Tuesday, and it closed at $42.98 as crude oil traded above $101. Crude oil prices traded higher on the news of tensions in the Middle East, and growing consumer confidence in the United States. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSEARCA: EDZ) gained 2.85% as Petroleo Brasileiro SA (ADR) (NYSE: PBR) dropped 0.97%. EDZ closed at $19.47, and it had a volume of 843K traded shares. ProShares UltraShort Silver (ETF) (NYSEARCA: ZSL) traded 2.67% higher today on the weakness in silver. This was the fourth consecutive trading session that ZSL closed higher. iPath Dow Jones-UBS Coffee Subindex Total Return ETN (NYSEARCA: JO) added 2.33% on Tuesday as coffee traded higher. JO closed at $55.70, and it had a volume of 14K traded shares.
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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