USD/CAD Soars, Canadian Unemployment Rises

27% profits every 20 days?

This is what Nic Chahine averages with his options 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.

USD/CAD is trading at 1.3142, up 0.0126. The pair has surged higher in rapid fashion. Market chatter about Canada's economy and U.S. economic data is making the rounds. Statistics Canada reported that July unemployment rose to 6.9 percent versus 6.8 percent in June and 31,200 jobs were lost. The agency reported a merchandise trade deficit of 3.63 billion CAD in June versus 3.50 billion in May The Richard Ivey School of Business IVEY PMI (purchasing managers survey) is due out at 10:00 a.m. ET.

27% profits every 20 days?

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