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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Let's take a market minute to have a look at a few things you should be keeping an eye as we begin the trading week. First, headlines from the president are attracting attention this morning. During his visit to Japan, President Joe Biden said taxes from the previous administration are under consideration. He also mentioned monkey pox and how it’s a concern, and if it were to spread it would be consequential, and that he does not believe a U.S. recession is inevitable.
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This week, we have a handful of companies reporting quarterly earnings. Keep an eye on Zoom (NASDAQ:ZM), Best Buy (NYSE:BBY), AutoZone (NYSE:AZ), Nordstrom (NYSE:JWN), Intuit (NASDAQ:INTU), Dick’s (NYSE:DKS), Nvidia (NASDAQ:NVDA), Dollar Tree (NASDAQ:DLTR), Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), Costco (NASDAQ:COST), Dell (NYSE:DELL), and Big Lots (NYSE:BIG), to name a few that stand out.
In terms of economic data, it's all about the FOMC minutes and Durable Goods Orders due out Wednesday. We have GDP and Pending Home Sales Thursday, and on Friday, Personal Income and Spending figures will be watched.
Lastly, energies remain a focal point with gasoline holding at record highs. AAA is reporting the national average for a gallon of gas is up to $4.59 from $3.04 this time last year.
Image sourced from Pixabay
This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.
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.