February 4, 2011 9:30 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 Semiconductor Bear 3X Shares (NYSE: SOXS) led the decliners among the ETFs today, with a 6.03% loss. SOXS traded lower, as the semiconductor stocks traded higher. Altera Corporation (NASDAQ: ALTR) gained 4.01% today.ProShares Ultra DJ-UBS Crude Oil (NYSE: UCO) traded lower on Friday, along with crude oil. UCO lost 4.00%, and crude oil fell below $90.iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) fell 3.50%, as cotton futures showed some weakness. BAL closed at $84.05, and it had a volume of 91.6K traded shares.ProShares UltraShort Semiconductors(ETF) (NYSE: SSG) is another bear market semiconductor ETF that struggled today. SSG fell 3.05%, and closed at $9.23.
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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