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.
S o as expected, gold climbed a bit higher and crossed over the $1,415 line. Oil and other commodities rose and took gold with them. The unrest in Middle East is still on but losing it's effect on the market. Libya is taking all the attention as speculators sent oil above $100. This will not last long and it hurts the economic recovery. Give it enough time and it will settle at $70-80 range.
Investors will sit on gold and oil for the weekend. In case insane Ghaddafi (yes different spelling) adds to the bloodshed. CNBC reported a rumor (how nice of CNBC to report rumors!) that Ghaddafi was killed yesterday afternoon and that brought down oil and the yellow metal. This is his plan:
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"We have plans A, B and C. Plan A is to live and die in Libya. Plan B is to live and die in Libya. Plan C is to live and die in Libya."
A calm weekend will most likely be greeted with a green market and a red gold. The metal is in a position that a rise in market or the green back will take it to a downtrend. On the upside, it's very close to break above the old highs.
Have a great weekend.
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.