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.
Microsoft Corporation (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL) are each testing well-defined resistance levels.
- If these levels break, both stocks could resume their uptrends.
- If, not the bears will target them and that could cause downtrends to form.
See Also: PreMarket Prep Stock Of The Day: Apple
Resistance is a large concentration of sellers offering shares at the same price. At resistance levels, there is more supply than demand for the stock. This is why rallies pause or end when they reach them.
If a stock breaks through resistance, it means the sellers who created it are gone. With this supply off of the market, the stage is set for buyers to pay higher prices. This forces a rally.
If the resistance doesn’t break, the shorts take it as a bearish sign and target the stock. Their selling could force the shares lower.
For Microsoft, the critical level is $290.
See also: How To Buy Microsoft Stock
The important level for Apple is $149.
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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