N.Y. Coffee little changed

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.

July Coffee is trading at 129.15, down 0.65. September Coffee is trading at 131.40, down 0.65. Trading is choppy and rangebound Tuesday morning after Monday's gains. Brazilian coffee exports in May were 2.63 million bags versus just over 2.69 million a year ago. April's exports were just over 2.81 million. Estimates for Brazil's Coffee crop are wide, the most recent estimates from exporters is just over 47 to 49 million bags. Chatter about dry weather in Vietnam and Indonesia has led to some buying on dips.

27% profit every 20 days?

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