May 29, 2012 11:21 AM | 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.
The consumer confidence index survey was released by the Conference Board on Tuesday and showed that optimism in the U.S. economy has hit a 5-month low. The reading fell from 68.7 in April to 64.9 in May. This compared to estimates from economists of a gain of 0.7 to 69.4. The data showed that only 13.6% of survey respondents believe that business conditions are currently good and only 7.9% think that jobs are plentiful. In 6 months time, 16.6% of respondents thought that business conditions would be better and 15.8% thought there would be more jobs. "The softening in [consumer confidence] suggests that the pace of economic growth in the months ahead may moderate," said Lynn Franco, the director of economic indicators at The Conference Board. The sharp drop in May consumer confidence coincides with a sell-off in the stock market. The S&P 500 has now lost almost 5% since May 1.
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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