GBP/USD Moves Up, UK Retail Sales Rise

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.

GBP/USD is trading at 1.3159, up 0.0116. The pair is trading near the highs of the day after Wednesday's choppy session. Market talk about the U.K. economic data and money flows has kept buyers and sellers active. The U.K. Office for National Statistics (ONS) reported that retail sales in the United Kingdom rose 1.4 percent in July versus a 0.9 percent fall June. Year over year, retail sales rose 5.9 percent. The data was the first official ONS figure on consumer demand since the June 23 referendum to leave the European Union.

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!