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.
All eyes will be on the release of the FOMC minutes today as traders/investors look to scrutinize the recent bull run-up. SPY is now over $165 without experiencing any significant pullback for over a week now. There are people vying for both outcomes here, which will surely provide for a choppy environment until we get some direction from comments regarding the state of the U.S. economy and of the current QE programs. Will the FED decide to taper sooner or will they stay on the current course until further notice? The news algorithms will surely be going to work off the release of these minutes and, as traders, we need to be able to see through the nonsense and find the perception quickly.
We’re getting into the earnings season slowly here and next week is when most of the high profile earnings reports start dropping. Watch for the Bank earnings towards the end of this week which will either confirm or disprove the bullishness we’re seeing in many of these names.
Crude Oil is becoming a concern for many analysts, citing pressures of high oil prices and the subsequent effect on consumer sentiment. Oil shot over $105/barrel over fears about Egypt and supply constraints.
I’m imagining there will be some indecision in the markets before the minutes come out later in the afternoon. This means that trading opportunities may be scarce. The prudent course of action would be to just hang out and keep position sizes quick and light.
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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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