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.
…holding the same large DIA position I've been in for awhile now. Nothing to do but wait for some sort of capitulation as the selling we've seen up to this point has been severe enough that there needs to be some sense of panic before we can gain any traction to the upside.
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Today was a decent close for the miners. If they can build upon their afternoon rally and close above today's highs then there may be a short term bottom – still to early to tell but I'm comfortable letting this playing from the sidelines. I definitely wouldn't be a buyer yet. I really wanted to see a high amount of selling with a close near the lows – that would have been the follow through I was looking for. Currently flat the miners. Took my 3% in NEM and ran.
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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.