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.
The main slice of economic data in North American trading is the Canadian retail sales report at the bottom of the hour.
The consensus is for a 0.5% rise in July following a 1.1% rise the month before. On the ex-autos side, the consensus is for a flat reading after a 1.5% rise in June.
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The previous report was super-strong and included upward revisions to the May data so there might be a bit of give-back. Sales have exceeded estimates for three months in a row.
On ex-autos, estimates range from -0.8% to +0.4%.
USD/CAD is near 1.1000 and flirting with the 50% retracement of yesterday's gains ahead of the data.
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.