June 23, 2010 1:42 PM | 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.
Given today's dismal data on new home sales, I thought I'd try to find some positive news out there today. Well, here's a little nugget of good news.According to a survey by the Business Roundtable, the number of CEOs planning to ramp up hiring is at its highest level since mid-2007. The Business Roundtable is an association of CEOs of big U.S. companies.The survey showed 39 percent of CEOs expect to boost their payrolls in the second half of the year. However, 17 percent say their payrolls will drop, while 43 percent plan on no change.During the recession that began in December 2007 more 8 million jobs were lost and the unemployment rate rocketed to 10.1 percent. Unemployment was 9.7 percent in May.Even with renewed fears of a global slowdown because of trouble in Europe, 79 percent of CEOs say they expect sales to rise in the second half of the year--the highest amount since the second quarter of 2006.Executives said they expect the economy to grow 2.7 percent this year, up from a forecast of 2.3 percent in March.
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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