August 25, 2011 9:45 AM | 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.
Once again, it goes to show you how the market always knows the truth. Bank Of America Corp.(NYSE: BAC) gets Warren Buffet as an investor this morning. This investment that was made public around 9:10 am EST, it is causing a massive short squeeze in the Bank of America stock. BAC stock is trading higher by more than $1.50 to $8.55 a share. Traders can watch for other financial stocks to trade higher in sympathy to the BAC stock. Other leading stocks that could trade higher this morning include J.P. Morgan Chase & Co.(NYSE: JPM), Morgan Stanley(NYSE: MS), and Citigroup Inc.(NYSE: C).Traders and investors can expect a short term bounce from this news. It is important to remember that Warren Buffet invested in Goldman Sachs Group Inc.(NYSE: GS) in 2008 when the stock was $125.00 a share. Goldman Sachs stock traded as low as $47.00 a share and only survived because of a government bailout. It is safe to say that the U.S. government will be back stopping this deal for their most beloved billionaire.Nicholas SantiagoInTheMoneyStocks.com
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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