July 12, 2010 1:58 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.
Soybean prices are on the rise for the third trading session as the U.S. Department of Agriculture inspected 6.515 million bushels for export last week, more than double the amount of soybeans during the prior week. The USDA predicts that inventories in August will be 5.4 percent lower than June’s numbers. Analysts cite strong demand with farmers not willing to part with their crop for the spike in futures pricing. The soybean crop in the U.S. was valued at nearly $32 billion in 2009, second only to corn at $49 billion. Investors wanting to play the trend in soybean prices and increased export demand can do so with a variety of ETFs. The iPath DJ-UBS Grains ETN (NYSE: JJG), ELEMENTS MLCX Grains ETN (NYSE: GRU) and PowerShares DB Agriculture (NYSE: DBA) all contain soybeans and soy meal as one of their major holdings.
See 4 Strong Buys here for free.
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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