Benzinga's Political Round Up, August 24, 2011 - Citigroup (NYSE:C), Bank of America (NYSE:BAC)

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.

Moody's downgraded Japan's credit rating to Aa3 from Aa2, citing "large budget deficits and the build-up in Japanese government debt since the 2009 global recession." Angela Merkel rejected claims that Greece should provide collateral for its bailout. New York AG Eric Schneiderman has been removed from a committee of state attorney generals negotiating with banks like Bank of America (NYSE: BAC), J.P. Morgan (NYSE: JPM), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C) and Ally Financial over their foreclosure practices.

27% profits every 20 days?

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