April 8, 2011 2:27 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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 Sprott Physical Silver
Trust (NYSE: PSLV) is going absolutely crazy on Friday along with silver futures. The PSLV, which holds physical silver in Canadian vaults, has risen 5% and is trading at an all-time high of $18.87. The PSLV has been lagging the iShares Silver Trust ETF (NYSE: SLV) recently, because the Sprott trust trades at a significant premium to its NAV. This is due to the fact that investors are willing to pay more for the peace of mind that the PSLV is 100% backed by physical silver. While the SLV is ostensibly also fully backed by physical, enough questions have been raised about its silver inventory that some investors are opting to invest in the PSLV instead. The SLV has gained 2.64% on the day, compared to 5% on the PSLV, so the premium in the Sprott Trust is rising on Friday. COMEX silver futures breached the $40 level today and are trading at $40.755, a gain of 3%.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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