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.
On CNBC's Trading Nation, Todd Gordon suggested a bullish options strategy in SPDR Gold Trust (ETF) (NYSE: GLD).
Gordon said gold has traded sideways recently and it looks to him that it's time for gold to push higher. He presented a daily chart of SPDR Gold Trust and explained that it's trading close to its resistance. Gordon believes SPDR Gold Trust (ETF) is going to break out on the upside and break its resistance.
To make a bullish trade, he wants to buy the November 130/135 call spread for $1.23. The break even for the trade is at $131.23 or 2.89 percent higher from the current stock price. The trade can make a maximal profit of $3.77, if the stock jumps to $135 or higher. Gordon suggested that traders should place a stop loss at $125.
The ETF closed MOnday at $127.55.
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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