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.
On Monday, August 28, the U.S. markets closed higher, with most sectors on the S&P 500 closing on a positive note.
The manufacturing general business activity index for Texas, as reported by the Federal Reserve Bank of Dallas, increased to -17.2 in August, surpassing the anticipated value of -21.6.
On Monday, the Dow Jones Industrial Average concluded with a 0.62% increase, reaching a closing value of 34,559.98. The S&P 500 exhibited a rise of 0.63%, ending at 4,433.31. Likewise, the Nasdaq Composite experienced a gain of 0.84%, finishing the session at 13,705.13.
Asian Markets Today
- Japan's Nikkei 225 closed Tuesday's session higher by 0.10% at 32,230.00, led by gains in the Machinery, Precision Instruments and Shipbuilding sectors.
- Australia's S&P/ASX 200 was up 0.71%, ending the session at 7,210.50, led by gains in the Gold, Metals & Mining and Materials sectors.
- China's Shanghai Composite closed the session at 3,135.89, up 1.20%, Shenzhen CSI 300 rose 1% to close at 3,790.11.
- The Hang Seng index in Hong Kong was up 1.93%, closing at 18,471.00.
Eurozone at 06:30 AM ET
- The Pan-European STOXX 600 index is up 0.72%.
- The DAX index in Germany traded 0.53% higher.
- CAC 40 index in France rose 0.45%.
- U.K.'s FTSE 100 traded higher by 1.58%. The FTSE 100 surged to its highest point in a span of two weeks, driven by a rise in the shares of housebuilding companies following Michael Gove's announcement of a relaxation in stringent planning regulations.
Commodities at 06:30 AM ET
- Crude Oil WTI was trading higher by 0.74% at $80.69/bbl, and Brent was up 0.74% to $84.50/bbl.
- Natural Gas was up 0.04% to $2.666.
- Gold was trading higher by 0.11% at $1,948.85, Silver was up 0.27% to $24.317, and Copper rose 0.76% to $3.820.
US Futures at 06:30 AM ET
Dow futures were up 0.02%, S&P 500 futures were up 0.05%, and Nasdaq 100 futures rose 0.02%.
Forex at 06:30 AM ET
The U.S. Dollar Index was down 0.01% to 104.05. USD/JPY rose 0.07% to 146.64, while USD/AUD was down 0.26% at 1.5514.
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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