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.
ACTION ITEMS:
Traders who believe that Monday's beat in Existing Home Sales is a leading indicator for the general housing market might want to consider the following trades:
Traders who believe that Monday's beat in Existing Home Sales is a leading indicator for the general housing market might want to consider the following trades:
- Long building companies like PulteGroup (NYSE: PHM) because more new houses being sold might drive construction demand. This potential increase in construction demand may bolster home builders.
- Long companies like Louisiana-Pacific (NYSE: LPX), who manufacture and distribute products and materials for home construction.
- Short do-it-yourself stores like Lowes (NYSE: LOW) or Home Depot (NYSE: HD) because if new home sales increase, consumers might be less likely to fix up their existing homes.
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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