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.
In relative terms the pound is holding up fairly well but the euro looks to be in heaps of trouble.
We've hit the 61.8 level of the July 2012 fib having hit a low at 1.3221. That's below the 1.3226 I have as the fib but 5 pips between different brokers and spreads is small enough that it's a hold of the level.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The euro can't buy a bounce for love nor money so it needs all the help it can get. If we do break the 1.3220 level then 1.3200 then we could be in a whole world of pain.
As I type it's putting in a spirited comeback and is trading 19 pips above the lows.
USD/JPY looks like it's running out of steam and that could be from profit taking by Europe into the weekend. The bulls will want to see a close above 104.00 tonight.
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.