March 26, 2013 8:13 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.
Forex trading headlines from the US session: Dijsselbloem says Cyprus a template for eurozone bank restructurings Dijsselbloem says "just kidding" Cyprus is unique German council of economic advisers cuts growth forecast to 0.3% from 0.8% Rumors of an Italian downgrade Fed's Dudley says mon pol must be kept ‘very accommodative' Dallas Fed March manufacturing index +7.4 vs +3.7 exp Cyprus to meet tonight on capital controls, some banks to re-open tomorrow S&P 500 down 0.3% to 1552 JPY leads, EUR lagsEUR/USD is back below the 200-day moving average on the combination of the downgrade rumor and comments about taxing deposits above 100K euro in other sovereign/bank restructurings. Dijsselbloem tried to put the genie back in the bottle but it was futile and the euro looks likely to close below the 200-dma (1.2881). Last at 1.2857.Cable followed the euro down initially, touching 1.5143 but it rebounded as EUR/GBP broke to a six-week low. Last at 1.5177.USD/JPY hit stops below 94.25 but was buffered for a time at 94.00 big stops were tripped as that level gave out and the pair fell as low as 93.53 but has since rebounded to 94.17.
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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