September 7, 2012 12:31 PM | 1 min read
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.
Friday morning, the Chinese government announced it would be embarking on a $157 billion dollar infrastructure investment program. The initiative, meant to boost the struggling economy, has had a significant effect on American equities.Following the announcement, shares of Caterpillar (NYSE: CAT) rose around 4.27 percent to $88.40, while shares of John Deere (NYSE: DE) traded up roughly 1.74 percent around $78.40, both reacting to an anticipated increase in Chinese heavy equipment demand.Construction equipment wasn't all that saw a boost though, companies with a copper interest saw a spike following expectations that the new Chinese projects would require a large supply of the metal. As a result, Freeport-McMoRan Copper & Gold (NYSE: FCX) was up roughly 7.51 percent, trading around $39.07, while Southern Copper (NYSE: SCCO) rose about 4.97 percent to $34.23. Shares of the Chinese ETF (NYSE: FXI) traded up 2.61 percent Friday around $33.58.
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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