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.
Market: Eurex EURO STOXX 50 Index Futures, $FESX_F
Trading Levels: 2430/2480
ENTER TO WIN $500 IN STOCK OR CRYPTO
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Target: 2390/2510
Since yesterday's Game Plan has been published the situation from a market perspective didn't change much, we are “stuck” in this 80/40 range whose breakout can lead to quite interesting trading scenarios.
The support breakout at 2430 will lead to a 40 points move straight to test the 2390 first and 2360, while the breakout of the resistance level at 2480 could drive the market to test the 2520 and 2560 later.
The breakout has to be driven by the $EURUSD whose bounce since 1.2665$ did not lead us to trade the short side of the market in these days. If the common currency will trade above the 1.2780$ mark we will go for long setups below the 1.2700$ we will look at short ones, where our bias is pointing out.
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.