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 S&P 500 recorded gains to end a volatile week, as US Treasury yields eased on Friday
All three major stock indices jumped over 1%, with the tech-heavy Nasdaq rising around 2% on the last trading day of the week. The S&P also snapped a three-week losing streak.
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The ISM services PMI fell to 55.1 in February from 55.2 in January, but came in above expectations of 54.5. The S&P Global Services PMI rose to 50.6 in February from a preliminary reading of 50.5 and compared to January's level of 46.8.
Broadcom Inc (NASDAQ:AVGO) shares gained 5.7% on Friday after the company reported better-than-expected Q1 results and issued Q2 revenue guidance above estimates. Multiple analysts raised their price targets on the stock following the report.
All the major sectors on the S&P 500 closed on a positive note, with information technology, consumer discretionary and communication services stocks recording the biggest gains on Friday.
The Nasdaq 100 jumped 2.04% to close at 12,290.81 on Friday, amid gains in shares of Tesla Inc (NASDAQ:TSLA) and Apple Inc (NASDAQ:AAPL).
The S&P 500 rose 1.61%, while the Dow Jones added 1.17% to 33,390.97 in the previous session.
The Chicago Board Options Exchange's CBOE Volatility Index (VIX) fell 5.6% to 18.49 points on Friday.
What is CBOE Volatility Index?
The CBOE Volatility Index, popularly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.
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.