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.
October sugar is trading at 11.23, down 0.01 and March Sugar is trading at 12.50, up 0.01. Trading is steady and rangebound.
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Market chatter about good weather in Brazil for harvest and chatter about currency values is making the rounds. Some talk about end of month positioning later this week has kept both buyers and sellers active. India's Meteorology Department is showing forecasts for good monsoon rainfall coming this week. Rainfall totals are currently 5 percent below average with some rain needed in the sugar-producing regions.
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.