Cotton Futures Move 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 Cotton is trading at 68.73, down 0.94 cents/lb. March New York Cotton is trading at 69.25, down 0.85 cents/lb. Cotton futures are trading choppy and near the session lows. Market chatter about less threatening U.S. weather for cotton areas and global economic growth is making the rounds. In other New York Soft commodities; December Cocoa is trading at 2829, up 14 $/MT. December Coffee is trading at 148.95, up 1.50 cents/lb.March Sugar is trading at 23.54, up 0.28 cents/lb. November Orange Juice is trading at 204.35, up 2.15 cents/lb.

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!