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.
Gold futures rose sharply on Monday amid the regional banking crisis, with SPDR Gold Shares (NYSE:GLD) also settling higher during the session.
On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said SPDR Gold Shares traded at 6.9 times the average daily call volume on Monday.
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There were buyers of 49,400 of the May 185/200-call spreads at an average price of $2.25 per contract, Khouw mentioned.
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The trader expects GLD to surge as much as 12.5% by May expiration.
Price Action: SPDR Gold gained 2.3% to close at 177.86 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.
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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.