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.
S&P 500 index futures are unchanged at 2103 in Wednesday's session. That level represents the closing high from the rebound from the Flash Crash.
Both in pre-market trading and off the open, the index has found resistance ahead of Tuesday's high (2010.25), only reaching 2109.75 and 2108.50. The decline off the open has found intra-day support at 2096.75 and the index has rebounded into the 2100 handle.
Microsoft Corporation (NASDAQ: MSFT) and Johnson & Johnson (NYSE: JNJ) are the leaders on the upside. Berkshire Hathaway (NYSE: BRK-B) and Wells Fargo (NYSE: WFC) are the only two of the top 10 components of the index that are in the red.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com.
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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