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.
The CNN Money Fear and Greed index showed some decline in the overall sentiment among US investors.
US stocks dropped sharply on Friday, recording their worst week of the year, after core personal consumption expenditures price index, the Fed’s preferred inflation gauge, increased 4.7% in January compared to the previous year, above economist estimates of 4.3%.
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Boeing Co (NYSE:BA) shares dropped 4.8% on Friday following reports suggesting the company will temporarily stop deliveries of its 787 Dreamliners to perform additional testing on a fuselage component.
The Dow closed lower by around 337 points to 32,816.92 on Friday. The S&P 500 fell 1.05% to 3,970.04, while the Nasdaq Composite dipped 1.69% to settle at 11,394.94 during the session.
Investors are awaiting earnings results from The AES Corporation (NYSE:AES), HEICO Corporation (NYSE:HEI), Workday Inc (NASDAQ:WDAY) and Occidental Petroleum Corporation (NYSE:OXY) today.
At a current reading of 59.0, the index remained in the "Greed" zone, compared to a previous reading of 63.0.
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% 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.