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.
Last week’s Chart of the Week looked at Large Traders getting long natural gas, and the commodity has continued to move higher - rising 6.9% on yesterday (Monday). This week’s chart looks at the other side of the coin, showing a heavy degree of selling in the energy sector, specifically energy ETFs.
The bottom panel of the chart below shows the 1-month net flows into five the major energy sector ETFs, XLE (NYSE:XLE), OIH (NYSE:OIH), VDE (NYSE:VDE), XOP (NYSE:XOP) and IYE (NYSE:IYE). For most of 2023 flows have been negative and recently intensified to more than $2.25 billion leaving the sector funds. Before 2018 we’d have to zoom out to 2008 to find an instance of this degree of money leaving the energy sector. In this week’s chart I’ve marked vertical red lines when the aggregate outflows surpass $2.25 billion. The response in XLE has been generally positive in the short-term, with several occurrences seeing a move higher.
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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.
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