January 28, 2011 5:34 PM | 1 min read |
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.
Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) led the decliners among the ETFs on Friday, with a 8.96% loss. CNOOC Limited (ADR) (NYSE: CEO) is a component of the MSCI Emerging Markets Index, and it lost 6.68% in today's trading session. ProShares UltraShort DJ-UBS Crude Oil ETF (NYSE: SCO) fell 8.91% as civil unrest in Egypt pushed crude oil prices higher. SCO closed at $10.63, and had a volume of 3.41M traded shares. ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 8.44% today, and closed at $11.50. Silver futures also had a great trading session today, inspired by unrest in Egypt.Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded lower today, along with the semiconductor sector. SOXL slipped 8.10%, and in the space, SanDisk Corporation (NASDAQ: SNDK) dropped 8.81%. ProShares UltraPro QQQ (NASDAQ: TQQQ) lost 7.54% on Friday, and closed at $157.39. The NASDAQ-100 Index dropped 2.56%, and among its components, Amazon.com, Inc. (NASDAQ: AMZN) was the biggest laggard, with a loss of 7.22%.
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.
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