Benzinga's Top ETF Decliners, March 15th (SOXS, AGA, FAZ)

by Benzinga Staff
March 15, 2012 6:59 PM | 30 seconds read | Make a Comment

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.

Direxion Daily Semiconductor Bear 3X Shares (NYSEARCA: SOXS) dropped 5.43% on Thursday as Advanced Micro Devices, Inc. (NYSE: AMD) gained 6.31%.iPath Pure Beta Cocoa ETN (NYSEARCA: CHOC) lost 5.15% today on expectations of higher global supplies of cocoa. CHOC broke its three day winning streak on Thursday.PowerShares DB Agriculture Double Short ETN (NYSEARCA: AGA) fell 5.05%, and it closed at $16.92. Wheat and sugar futures traded sharply higher in today's trading session. Direxion Daily Financial Bear 3X Shares(ETF) (NYSEARCA: FAZ) plunged 4.62%, and it closed at $21.16. In the financial space, Bank of America Corp (NYSE: BAC) spiked 4.52%.

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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