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.
Scott Bauer, a senior market strategist at Trading Advantage, shared with the viewers of Bloomberg Markets his options trading strategy in Guggenheim CurrencyShares British (NYSE: FXB).
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!
He said the options market is pricing in a $6 to $7 move in FXB. That could be on the downside as well, but the risk to reward for the upside is now fantastic, added Bauer. He wants to buy the August 129/133 call spread for $1. The breakeven for the strategy is at $130 or 3 percent higher from the closing price on Thursday. If the ETF jumps to $133 or higher at the August expiration, he can maximally make a profit of $3.
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.