Cocoa Futures Edge Down

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.

December New York Cocoa is trading at 3028, down 28 $/MT. New York cocoa futures are trading lower after a steady trade early on. Market chatter about global currency values and the global supply of cocoa is making the rounds. In other New York Soft commodities; December Coffee is trading at 140.70, down 0.75 cents/lb.October Sugar is trading at 19.85, down 0.13 cents/lb. December Cotton is trading 68.24, down 0.77 cents/lb.November Orange Juice is trading at 178.95, up 1.50 cents/lb.

27% profit every 20 days?

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