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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But here I am eating my own words because today I want to share with you a new (to me at least!) website that I think will become a normal part of my life: Groupon.com.
I first heard about them a few days ago. A friend at work asked if I wanted to go bowling because he had a free hour of bowling (with free shoe rental) for up to six people for an hour….every day of the summer. I couldn’t understand how he got such a great deal!
Well, turns out before the summer started he saw a Groupon offer where you pay $30 and you get the free bowling deal. I then started asking him more about them and he explained that a lot of the coupons were restaurant related and 95% of the deals he wouldn’t consider buying. The reason he stays on their email list is to get those rare deals that save him a LOT of money over time. He’s gone bowling over fifteen times and has yet to spend a dollar at the alley (he resists the temptation to buy food there). That’s one heck of a deal!
So I signed up for Groupon and the very next day I found a deal that I could see myself buying: $25 for a $50 GAP gift card. Granted I don’t go to GAP super often (probably once a month tho), and you have to use it within a month and a half, but the gift card can be used for any item in the store including my personal favorites: the clearance section.
Now I’m not sure if it will be another day, week, or month until I find another deal that makes sense for me to purchase but I do know that Groupon should save me a decent chunk of change in the long-term.
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I’m interested to hear what deals you have found on Groupon, or whether this is the first time you heard of it? Do any of you NOT like them? That would be interesting to hear as well!
-DC
*Side note: NO I was not paid in any way shape or form by Groupon for this post; I didn’t even put my affiliate referral link in the post! I genuinely think it’s an awesome site!*
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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.