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.
Since catapulting almost nine points from the beginning of the year, the PG chart is starting to look “tired”. After making an all time high at 77.76, one or several major institutions have targeted the 77.50 level as an exit point. Every time the stock approaches that level, it is met with major resistance.
The buyers are becoming exhausted with their attempts to take out the 77.50 level, and the stock has slumped over a point in the past two trading sessions. Investors should take note of today’s low, as well as the 75.56 low on March 1st. If that area is breached, PG could easily trade down to the 75 level which could induce a much deeper correction.
Here are the key levels to focus on:
| PG Price | Significance Level | Reason | |
| 77.38-.49 | ************* | 7 of the last 10 highs | |
| 77.00 | ** |
| |
| 76.55 | *** | Monday high | |
| 76.16 | CLOSE |
| |
| 75.80 |
| Monday low | |
| 75.56 | ****** | March 1 low | |
| 75.30 | * |
| |
| 75.12 | ** | February 11 low | |
| 74.95 | ***** | 2/04 low |
Interested in more pre-market analysis? Every morning, Dennis Dick and Joel Elconin share everything you need to know about the market before the opening bell on their free show, Premarket Info.
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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