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.
It seems that we have officially entered our summer choppy mode with the lowest volume on Wall Street being recorded yesterday. Finding reasons or excuses for some of these market movements can be costly. So far, the Asian markets continue to give the rest of us a market lead, for now. The region has again been spooked by fears that the US may withdraw its $85b monthly bond-buying program in a matter of weeks. These concerns have driven Tokyo equities down -4%, its biggest decline in over a month and been able to push the yen higher.
A lack of clarity over tapering is hurting the mighty dollar, particularly against the yen. A sharply higher yen is also fuelling the drop in Asian equities, as exporters are expected to suffer heavily. The Federal Reserve Bank of Chicago President Charles Evans said yesterday there had been “good improvement” in the labor market and indicated that a tapering of the central bank's bond-buying program in September is possible. This comment...
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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