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.
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.
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!
ACTION ITEMS:
Bullish:
Traders who believe that news of Japan's stealth intervention into the currency market will be repeated if the Japanese yen climbs higher might want to consider the following trades:
Traders who believe that any market intervention on the part of the Japanese government won't be able to counter the flood of funds that could pour into the Japanese yen if Greece defaults or America and Europe fall into a deep recession may consider alternative positions:
Bullish:
Traders who believe that news of Japan's stealth intervention into the currency market will be repeated if the Japanese yen climbs higher might want to consider the following trades:
- Traders could buy Japanese stocks like Toyota (TM), Sony (SNE) and Honda (HMC) if they believe that the Japanese government will protect these exporters from a rising yen by intervening to push the currency's exchange rate down.
- Traders who want to buy a basket of Japanese stocks should take a look at the iShares MSCI Japan Index Fund (NYSE: EWJ). This ETF will give them exposure to a large number of stocks and the benefits that come with diversification.
Traders who believe that any market intervention on the part of the Japanese government won't be able to counter the flood of funds that could pour into the Japanese yen if Greece defaults or America and Europe fall into a deep recession may consider alternative positions:
- If Japanese stocks fall because of bad news from Europe, the ProShares UltraShort MSCI Japan (NYSE: EWV) could be a profitable investment.
- The CurrencyShares Japanese Yen (NYSE: FXY) ETF could also move higher if the Japanese government is unable to stop the yen from climbing higher in the event of a Greek default.