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.
ProShares UltraPro Short QQQ ETF (NASDAQ:SQQQ) shares are trading sharply higher by some 10.91% to $58.75 Friday. SQQQ is a popular, 3x-leveraged inverse ETF that tracks the Nasdaq-100.
Major indices are lower Friday following better-than-expected U.S. unemployment data, which has added to concerns over a tight labor market. This has lowered expectations for a Fed policy pivot.
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The U.S. added 263,000 jobs last month, outpacing average economist estimates of 250,000 jobs, according to Benzinga Pro.
New data from the Bureau of Labor Statistics showed the U.S. unemployment rate at 3.5%, beating the 3.7% level economists had projected. The labor participation rate dropped 0.1% to 62.3%, compared to the 63.4% pre-pandemic rate in February 2020...Read More
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According to data from Benzinga Pro, SQQQ has a 52-week high of $67.69 and a 52-week low of $28.15.
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.