S&P 500 Index Futures Trading Lower - SPDR S&P 500 (ARCA:SPY)

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.

S&P 500 index futures are trading lower by four points at 2058.25. During after-hours the index found resistance just above Monday's close (2062,25), only reaching 2063.75 before reversing course. The ensuing decline found support just above Friday's low (2053.25), only reaching 2054.50. That level was revisited off the open and so far, the rally has peaked at 2061),.

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Joel Elconin is the co-host of Benzingas #PreMarket Prep, a daily trading idea radio show.