June 23, 2010 4:41 PM | 1 min read
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.
ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) led the gainers among ETFs today. SCO gained 4.95% as crude oil declined below $76.PowerShares DB Crude Oil Double Short ETN (NYSE: DTO) also gained on the weakness in crude oil. DTO added 4.85% and closed at $75.33.ProShares UltraShort Silver (ETF) (NYSE: ZSL) closed 2.88% higher as silver continued to lose ground. ZSL had a volume of 342K traded shares.Direxion Daily Energy Bear 3X Shares(ETF) (NYSE: ERY) jumped 2.74% today. This is the third trading session in a row that ERY closed in the positive territory. Anadarko Petroleum Corporation (NYSE: APC) was one of the biggest decliners in the space. APC dropped 4.41% in today's trading session and Chevron Corporation (NYSE: CVX) fell 2.35%.
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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