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.
Shares of SOS Limited (NYSE:SOS) are trading higher Monday morning, but if they reach $4, there’s a good chance they crash into a wall of sellers.
This level was resistance in June and sometimes resistance levels can remain intact for a long time. Why is $4 a resistance level? Because it was a support level in April.
The investors who paid $4 for SOS are losing money because the price is now lower. Many of these investors regret their decision to buy and decide to sell. But they don’t want to take a loss so they place their sell orders at $4. If there are enough of these orders, it will form resistance.
This is what happened in June and it could happen again.
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.
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!