March 5, 2012 5:45 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 UltraShort DJ-UBS Natural Gas (NYSEARCA: KOLD) gained 8.45% on Monday, and it closed at $110.55. The front month natural gas futures dropped more than 5% on forecasts of above normal temperature in the second half of the March. Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA: SOXS) jumped 7.50% today, and it closed at $37.40. In the semiconductor space, Advanced Micro Devices, Inc. (NYSE: AMD) lost 5.23%, and Broadcom Corporation (NASDAQ: BRCM) fell 3.87%.iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSEARCA: BAL) added 6.80% as cotton traded sharply higher after India announced that it banned all cotton exports.Direxion Daily China Bear 3x Shares ETF (NYSEARCA: YANG) spiked 6.82%, and closed at $11.75. China Life Insurance Company Ltd. (ADR) (NYSE: LFC) is a component of the BNY Mellon China Select ADR Index, and it dropped 5.76%.
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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