27% profits every 20 days?
This is what Nic Chahine averages with his options 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 price of natural gas has been moving higher. And if it continues to do so, shares of the United States Natural Gas Fund, LP (NYSE:UNG) should breakout and follow along.
A resistance level is a large group of investors who are all trying to sell at the same price. UNG has a resistance level at $19.00.
If a market trades above resistance and holds its gains, it's called a "breakout." This is a bullish dynamic and shows that the sellers who created the resistance have left the market.
With these sellers out of the way, the stage is set for the buyers to push UNG higher.
To learn more about trading and ETFs, check out the new Benzinga Trading School.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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