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.
Euronav NV (NYSE:EURN), Frontline Ltd (NYSE:FRO) and PBF Energy Inc (NYSE:PBF) shares are all trading sharply higher going into the close of Monday's session. Shares of energy companies at large are trading higher amid an increase in the price of oil.
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The surge in the price of oil is likely a ripple effect of the recent G7 price cap on Russian oil, as well as last week's Keystone pipeline oil spill.
Per a report by CNBC, the Keystone Pipline failure occurred last Wednesday nearby Washington, Kansas. Experts say an estimated 14,000 barrels of crude, or 588,000 gallons of a form of crude known as tar sands oil, into a nearby natural waterway.
NBC says the Biden administration has ordered the closure of the pipeline until the situation can be remedied.
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- EURN is trading higher by 11.12% to $19.79
- FRO is higher by 10.44% to $14.17
- PBF is higher by 10.68% to $36.06
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.