March 30, 2015 3:14 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.
S&P 500 index futures were trading sharply higher by 28 points at 2080.50 in Monday's session. After trading higher for most of the pre-market session, the rally continued off the opening bell.So far, the index has recouped over half of its losses incurred during its tumble from just shy of its all-time high (2110.25), when it peaked last Monday at $2107.00. The ensuing decline found support just ahead of the lower end of the recent trading range (2030.75), only reaching 2033.25 on Thursday before staging it rebound.So far, all of the top components of the index are in the green. The top component
Apple Inc. (NASDAQ: AAPL) is higher by $2.43 $125.68.A big boost is being provided by the big integrated oil companies. At this time,
Exxon-Mobil (NYSE: XOM) is higher by $2.15 at $85.73 and
Chevron Corporation (NYSE: CVX) is higher by $2.70 at $106.98.Following a very bullish article in Barron's over the weekend,
J.P. Morgan (NYSE: JPM) is trading higher by $1.75 at $61.30.
Wells Fargo (NYSE: WFC) is benefiting from the rally in the financial sector as it's trading higher by $0.80 at $54.92.The SPDR S&P 500 ETF Trust (NYSE: SPY) was higher by $2.72 (1.3 percent) at $208.47
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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