April 6, 2015 10:26 AM | 1 min read |
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.
S&P 500 index futures were trading higher by four points at 2063.50 in Monday's session. After tanking to 2038.75 off a weak jobs during Friday's abbreviated trading session on Friday, the index has come roaring back.The index came off its lows during Sunday night and Monday morning and bottomed shortly off the opening bell at 2047. The ensuing rally has found intraday resistance at just above Thursday's high (2063.75), reaching 2064.50 before retreating back to its current level.Longer-term, the index has been in well-defined trading range between 2030.75 and 2107 since March 11.Shares of
SPDR S&P 500 ETF Trust (NYSE: SPY) traded recently at $207.33, up $0.83.
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.
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