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.
Great Britain’s Office for National Statistics will put out its Retail Sales results for last month, on Thursday, April 23, 2015, along with its Public Sector Net Borrowing results.
Retail sales is the primary way to gauge consumer spending, which affects overall economic activity. Public Sector Net Borrowing however, is the difference in value between spending and income. The Public Sector report includes public corporations, central government, and local governments.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
These reports are released monthly for a trade opportunity.
Put The Trade On The Night Before
This month the reports will be released at 4:30 AM ET, Thursday, April 23, 2015. However, to trade them, the strategy can be set up the night before, on Wednesday, at 11:00 PM ET, using Nadex GBP/USD Spreads. Nadex offers spread and binary derivatives on a variety of underlying markets including stock indices, forex, and commodities.
Analysis
With evenly distributed profit potential on each side, the market can move 60 pips in either direction for a 1:1 max risk reward ratio. However, its estimated, based on past analysis of market reaction, that the market will take off after the news release and pull back.
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.