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 Eur/$ Futures is still trending downward, it will be quite important to see the future's behaviour at 1.2222$ and in the 1.2270$-1.2280$ area. The breakout of these two levels or regions will activate a reaction in the Equity futures' market.
DJ Eurostoxx50 Sept Future:
- 2227 – Support, a breakout will drive the market down to 2200 area and subsequently to close the 29th of June Gap @ 2170
- 2253- Resistance, yesterday high, multiple times the market tried to break the 50 level, but sellers were outpacing buyers. We need to be really careful to play this level cause a breakout can be violent with target :2278
Keep an eye on the FESB for confirmation on the market side to play.
Originally posted at www.77sigmatrading.com
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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