July 29, 2016 5:57 AM | 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.
September Coffee is trading at 141.20, down 0.95 cents/lb. December Coffee is trading at 144.40, down 0.95 cents/lb.Coffee futures are trading a little lower early Friday morning. Market talk about global coffee supply and demand estimates is making the rounds. The average street estimate for the 2015 to 2016 season are showing a global coffee production deficit of 250,000 bags with a wide range of a 7 million bag deficit to a 5 million bag surplus.The International Coffee Organization is forecasting Brazil's coffee production to be near 55 million bags versus 43.2 million bags a year ago. Brazil's coffee harvest is about 70 percent done.Market talk about traders adjusting positions for month end is showing up.Trading is expected to be choppy.
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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