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 May 25, 1931, the New York Stock Exchange delivered its first public report on the total number of shares sold short to that day, as well as that amount as a percentage of the total equity available on the market -- the short interest.
On that day, the NYSE reported 5.6 million shorted shares, just 12 percent of the exchange's monthly trading volume.
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!
Eighty-six years later, shorting data is the basis of some trader’s entire strategy. According to the NYSE’s most recent Short Interest Report, short equity represents nearly $13.7 billion in market value.
See Also: Muddy Waters' Carson Block Isn't Short On Snap, 'But Might Be' In The Future
Commemorate the occasion of the start of the short report by watching the video below to get better insight on where today’s short interest is pooling.
Be sure to visit the BZTV YouTube page for more videos on major market events, both historical and contemporary, and subscribe to the channel to receive alerts on the latest news updates.
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.