March 13, 2015 11:30 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.
Consumer names ($XLY) like
Kroger ($KR) and
CVS ($CVS) are up between 1-2 percent. This was also on impressive volume, especially in the small-caps ($IWM), which almost had 2 times the average daily volume.While this is bullish we need financials ($XLF) to pick up in order to keep this momentum going.We are seeing that type of action in the Banking sector. The
Banking ETF ($KBE) was up ~25 yesterday, challenging their 52-week highs.Two stocks that have shown this movement are,
PNC Financial Services ($PNC) and
Wells Fargo ($WFC). Now $PNC has made its shift, so chasing is not recommended. But
Wells Fargo ($WFC) is ready to test new highs and a break of $55.60. This could be enough of a catalyst to see more upside.Have a great trading day.
previous post: Time to go Shopping, Karpel's Corner Looks at Two RetailersGet the full report by watching the video below:
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.