August 25, 2014 8:49 PM | 1 min read |
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.
Speaking on
CNBC's Fast Money, Dennis Gartman said that crude oil is going to trade lower and that he sees it at $85.He explained that the term structure for crude oil continues to be very bearish. The front month contracts, even on up days, are losing to back months. Gartman added that crude oil is in storage because it is currently facing a demand problem.Gartman issued a buy recommendation for natural gas Monday morning because he feels that the commodity held very well on bearish news and it even managed to trade higher. This is a sign of a turnaround and it is supported by a forecast of hot weather which should increase the electricity demand in the near term. Over the next several months, Gartman sees natural gas between $5.00 and $5.50. Traders who prefer ETFs instead of the futures trading can take a look at
U.S. Oil Fund ETF (NYSE: USO) and
U.S. Natural Gas Fund (NYSE: UNG).
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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