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.
The CNN Money Fear and Greed index moved to the "Greed" zone following the release of US inflation data.
US stocks closed higher on Thursday after consumer price data showed inflation cooling in December, increasing prospects that the US Federal Reserve might slow interest rate increases.
The Consumer Price Index fell 0.1% month-over-month in December. The annual inflation rate slowed for a sixth consecutive month to 6.5% in December, recording the lowest level since October 2021.
The Dow closed higher by 217 points to 34,189.97 on Thursday. The S&P 500 rose 0.34% to 3,983.17, while the Nasdaq Composite jumped 0.64% to settle at 11,001.10 in the previous session.
Investors are awaiting earnings results from Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC) and Citigroup Inc. (NYSE:C) today.
At a current reading of 57.0, the index moved to the "Greed" zone, compared to a previous reading of 55.0.
What is CNN Business Fear & Greed Index?
The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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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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