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 Dow Jones Industrial Average closed at its lowest level in nearly a month Friday even as Apple Inc. (NASDAQ: AAPL) got set to join the blue-chip index on March 18.
The index of 30 companies, selected to reflect the U.S. economy, dropped 1.54 percent Friday, slightly outpacing the S&P 500's 1.42 percent decline. The Nasdaq Composite index was off 1.11 percent.
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Stocks in general were hurt Friday by a stronger-than-expected jobs report, which raised fears of an interest-rate hike later this year.
The far-larger S&P saw its steepest two-day slide since January earlier this week, and Bloomberg reported that investors have cashed out nearly $17 billion from exchange-traded funds tracking U.S. stocks since the beginning of the year.
At the same time, a like amount of cash got socked away in bonds according to Bloomberg, which called the divergence "the biggest ever in quarterly data going back to 2000."
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.