RBOB Gasoline did head lower as expected to hit our target of 283.60/282.50 & take profit on shorts. We are weaker again this morning & looking for a test of support at 280.77 but could fall as far as 277.95/10. This is good support as we start to look oversold in the short term so we would expect a bounce from here. Exit shorts & try longs with stops below 276.60.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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.
A push back above 283.80 however could see us test resistance at 287.10 where we should struggle but any further gains run in to the 200 day moving average at 288.75 for a selling opportunity.