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.
Terms for switches to new government bond SGB 1062
The Swedish National Debt Office introduces a new ten-year government bond, SGB 1062, in March 2020. The Debt Office will issue SEK 2 billion in an initial auction and then offer switches to SGB 1062 for a total of SEK 4 billion.
The initial auction will be held on 25 March and the switch auction on 26 March. Switches to SGB 1062 X% 12 May 31 from SGB 1061 0.75% 12 Nov 29 are made price risk neutral.1
| Switch auction | |
| Thu 26 March Risk neutral | |
| SNDO buys bond | SGB 1061 |
| SNDO buys amount (SEK mn)2 | 4 400 |
| SNDO sells bond | 1062 |
| SNDO sells amount (SEK mn) | 4 000 |
| Time for yield on buy-back bond | 10.45 |
| Time for auction cut-off | 11.00 |
| Time for auction result | 11.03 |
The bid yield on the buy-back bond will be published at 10.45 a.m. on the day of the auction on riksgalden.se/borrowing. Bids must be placed before 11.00 a.m. by the Debt Office's primary dealers. The results will be published at 11:03 a.m. or somewhat later.
As previously announced, the Debt Office will also issue SEK 5 billion per auction of the SGB 1062 on 22 April and 6 May to build up the volume of the new bond.
Contact
Anna Sjulander, Head of Funding, +46 (0)8 613 47 77
Magdalena Belin, Head of Analysis, +46 (0)8 613 52 28
1 The market value of the purchase and sales volume multiplied by the modified duration of each bond shall be equal.
2 The stated nominal volume of the buy-back bond is an approximation based on today's yields.
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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