Crude Moves Towards $25 Handle - United States Oil Fund (ARCA:USO)

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.

March Crude Oil futures are trading lower by $1.27 at $26.18 in Thursday's session. It is trading lower for the sixth day in a row, falling from its February 3 close ($32.88) to its current level.After making a new low for the move on Wednesday at $27.24, it rallied to settle at $27.45. It staged an intra-day rally around 10 a.m. ET, that peaked just above the close at $27.48.It is now making its third attempt to trade in the $25 handle as the first two attempts were thwarted at $26.22. At this time, the low for the day stands at $26.12.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!