September 12, 2014 11:43 AM | 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.
The S&P futures drifted lower this week in an ongoing alleviation of the overbought condition that had developed on their price chart recently. The outlook for the “minis” continues to be bullish – with technicians' upside targets remaining up at 2057 – 2058. Support for the minis now appears to be set down at 1972.75 – 1974. Buying should be occurring if and when the minis drift down to 1974. Watch for stop-loss selling if a close occurs below 1972.75.Technicians say that prudent sellers will be waiting until the minis make their way up to the projected target at 2057. In that case, watch for stop-loss buying-to-cover on any close above 2060. Technicians say the downside target from that short entry will be 1929 – 1932.
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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