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.
Perhaps it is a positive sign or maybe it is a harbinger of negativity to come, but the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP) is down just 1.3 percent over the past month. Over the same period, the United States Oil Fund (NYSE: USO), which tracks front-month West Texas intermediate futures, has plunged 12.3 percent.
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In both bullish and bearish environments, there are times when energy equities can lag the moves in the underlying commodity. Some options traders are preparing for near-term declines in XOP, one of the most popular and volatile equity-based energy ETFs.
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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.