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.
Things are getting worse for oil and oil-related exchange traded products. To this point in Friday's trading session, nearly 60 exchange traded products have hit all-time lows. Of that group, 27 are commodities products, and that does not include a number of currency, fixed income and international ETFs with significant exposure to commodity-producing countries.
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And of that group of 27, a third are dedicated oil ETFs and exchange traded notes (ETNs). The United States Oil Fund (NYSE: USO), which tracks front-month West Texas Intermediate futures is one of the oil ETFs in Friday's all-time low club. Down 2.5 percent today (at this writing), USO is extending its year-to-date loss to 45.5 percent.
Yet in the epitome of a good money going after bad trade, USO has seen fourth-quarter inflows of over $1.2 billion. With money managers and other professionals barely willing to nibble at oil from the long side, there is little in the way of institutional support for energy stocks and 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.