Goldman Sachs Giving Some Back


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.


Goldman Sachs (NYSE: GS) shares are trading lower by $1.90 at $197.27 in Monday's session. The issue attempted to improve on its impressive $7.15 rally was turned back. The catalyst for the rally was a hot jobs number that may prompt the Fed to raise in December. Historically, rising interest have tended to benefit financial stocks more than others. Off the open, the issue found resistance above Friday s 'high ($199.45) and just ahead of the psychological level of $200, only reaching $199.90. The ensuing decline has taken the issue to $196.62 and it is attempting to rebound into the $197 handle.

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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Posted In: TechnicalsIntraday UpdateTrading Ideas