June 18, 2015 10:45 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.
Gold futures were trading sharply higher by $25.20 at $1202 in Thursday's session. The inaction by the Fed to raise rates has convinced investors that the Fed is not taking the proper steps to fend off any upcoming inflation.In Wednesday's session, gold spiked to $1188.80, but fell back to end the session at $1176.80. However, buyers came in off the open and instigated a nearly $8 higher open. After a brief retreat to $1183.10, the rally resumed.So far, it has found resistance ahead of its June 1 ($1204.90), reaching $1203.90, but is still maintaining above the key technical level of $1200.The
SPDR Gold Trust (ETF) (NYSE: GLD) traded at $115.23, up $1.38.The
Market Vectors Gold Miners ETF (NYSE: GDX) traded at $19.02, up $0.16.
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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