March 5, 2012 6:22 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.
Natural gas futures traded sharply lower on Monday, on forecast of above normal temperatures in the second half of March. ProShares Ultra DJ-UBS Natural Gas (NYSEARCA: BOIL) dropped 8.78%, and it closed at $10.29.Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA: SOXL) lost 7.48% as Advanced Micro Devices, Inc. (NYSE: AMD) plunged 5.23%, and Broadcom Corporation (NASDAQ: BRCM) slipped 3.87%.Direxion Daily China Bull 3x Shares ETF (NYSEARCA: YINN) dropped 6.06% on Monday as China Life Insurance Company Ltd. (ADR) (NYSE: LFC) decreased 5.76%.Direxion Daily Gold Miners Bull 3X Shares (NYSEARCA: NUGT) fell 5.61%, and it closed at $21.19. In the space, Goldcorp Inc. (USA) (NYSE: GG) lost 2.42%, and Kinross Gold Corporation (USA) (NYSE: KGC) traded 2.20% lower.
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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