October 22, 2010 6:56 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.
Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) led the decliners among ETFs on Friday with a loss of 5.72%. In the space, NVIDIA Corporation (NASDAQ: NVDA) spiked 6.40%, and Novellus Systems, Inc. (NASDAQ: NVLS) jumped 2.56%. iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) lost 4.47% today, and closed at $12.83. This was the third trading session in a row that VXX closed in the negative territory, and $12.82 is its historical low.Powershares DB Crude Oil Double Short ETN (NYSE: DTO) lost 3.42%, as crude oil traded higher. DTO closed at $66.04, and had a volume of $66.04.iPath Dow Jones-UBS Natural Gas Subindex Total Return ETN (NYSE: GAZ) dropped 3.17% today, and closed at $7.34. Natural gas futures continued its downturn. Today, natural gas fell more than 2%.
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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