July 31, 2014 4:26 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.
After languishing near multi-year lows over the past several months, the CBOE Volatility Index (VIX) is breaking out to recent highs, trading up 22.5% on the day at 16.53. This marks the largest one day jump in over a year for VIX, with the S&P 500 down over nearly 1.75 percent on the day. Weak housing numbers, debt issues in Argentina and Portugal, and ongoing geopolitical concerns are all weighing heavily on stock prices. VIX had traded above 20 briefly in February of this year, with a low of 10.28 earlier this month, and that 10.28 print marking the lowest level since February 2007. With the jobs report due out tomorrow morning at 8:30 EST, it will be interesting to see if VIX can hold onto today's big gains. Regardless of the number tomorrow, it is likely that VIX won't be approaching the 10.28 level again any time soon.
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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