Crude Oil Gives Back All Of Last' Weeks Gains - 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.

April Crude Oil futures are trading lower by $1.59 at $36.91 in Monday's session. After flirting with the $39 level on Friday, peaking at $39.04, the contract is struggling to remain n the $37 handle.Since topping out in premarket trading just above Friday's close ($38.50) at $38.77, it has been steadily moving lower. It has now erased all of its gains from last week and is finding intraday support ahead of a pair of lows from last Tuesday ($36.12) and last Wednesday ($36.24), only reaching $36.69.

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!