November 29, 2012 8:28 AM | 1 min read |
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.
CBOE Holdings (NASDAQ: CBOE) announcedplans today to transition its SPXpm product from the company's all-electronicC2 Options Exchange (C2) to Chicago Board Options Exchange (CBOE), where itwill be traded on CBOE's hybrid trading model which incorporates bothelectronic and open outcry trading. The transition will consolidate thecompany's entire S&P 500 options product line on one exchange, CBOE. The company's pm-settled SPX options (including SPXpm, SPX Weeklys and SPXQuarterlys) will trade in CBOE's hybrid environment under ticker "SPXPM." Itsflagship SPX option, which is a.m.-settled, will continue to trade in CBOE'sopen outcry environment under ticker "SPX." The migration of SPXpm from C2 toCBOE is expected to result in increased access and liquidity by exposing theproduct to an even broader user base.
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.
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