27% profits every 20 days?
This is what Nic Chahine averages with his options 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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- AppleAAPL): The $505.00 level is still a great support but in order for it to break out to the upside, it will need a positive headline.
- Google (NASDAQ: GOOG): This range bound action is perfect for some well placed weekly iron condors
- If traders avoid the doom scenario, then there might some opportunities with the NDX on the long side. It sold off hard Friday, but with Apple defending $505.00 and Google being due for stabilization, the issues might prop the index enough to eke out a few credit put spreads. Caution with Netflix (NASDAQ: NFLX), Amazon (NASDAQ: AMZN) and Tesla (NASDAQ: TSLA) especially if the general market unease spills into Monday.
- Netflix is selling on a consistent chug. Usually this means that someone knows something that others don't so it would be wise to stay out and NOT try to catch a falling knife
- Amazon is battling an important zone.
- Tesla is flagging hard with a looming open gap below. Debit put spreads could pay this week.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.