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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Credit Suisse stated that the two ETNs, under the tickers DWTI and UWTI, were delisted as part of its plan of "better aligning its product suite with its broader strategic growth plans."
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The two ETNs will no longer be listed as of Friday for any trading on any national securities exchange.
No Need To Worry, Oil Traders
Oil traders looking to trade the commodity through an exchange-traded product should be happy to know that two new oil exchange-traded notes will begin trading on Friday.
The VelocityShares 3x Long Crude Oil ETN (NYSE: UWT) and VelocityShares 3x Inverse Crude Oil ETN (NYSE: DWT), will be issued by Citigroup Global Markets Holdings and guaranteed by Citigroup.
Similar Trading Strategy
The two new exchange-traded notes will act and trade in a similar fashion to their predecessors, DWTI and UWTI.
"For years we have worked with sophisticated investors who want to utilize daily trading tools to manage their oil exposure, and we are pleased to be launching these new ETNs to continue to service our clients," said Nick Cherney, senior vice president, head of exchange products for Janus Capital Group, parent company of VelocityShares.
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.