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.
Last year's top-performing sector, consumer discretionary, is off to a rocky start in 2016 as highlighted by the 6.7 percent slide for the Consumer Discretionary Select Sector SPDR (NYSE: XLY). Homebuilders stocks and exchange traded funds have come under even more duress as the 13.4 percent year-to-date loss for the SPDR S&P Homebuilders ETF (NYSE: XHB) confirms.
XHB's discretionary exposure is substantial, as the ETF allocates over 28 percent of its combined weight to home furnishings retailers, home improvement chains and home furnishings manufacturers.
So it should be good news for the ETF that existing-home sales were up 7.7 percent from December 2014. The median existing-home price increased 7.6 percent to $224,100. First-time buyers made up 30 percent of existing home sales in 2015, up from 29 percent in the past two years.
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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