USDA Export Sales; Wheat Futures Lower

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.

The USDA reported today that wheat export sales for the week ending January 12th totaled 242,500 tonnes. Sales were down 38 percent from previous week and down 33 percent the four week average There were 60,500 tonnes sold for 2018. March Chicago Wheat is trading at 423, down 1/2 of a cent/bushel. May Chicago Wheat is trading at 438 1/2, down 3/4 of a cent/bushel. March Kansas City Wheat is trading at 439 1/2, down 2 3/4 cents/bushel.

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!