Benzinga's Political Round Up, September 2, 2011 - Bank of America (NYSE:BAC), Amazon.com (NASDAQ:AMZN)

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 Federal Housing Finance Agency may file a lawsuit again banks for misrepresenting the quality of mortgage bonds they sold during the housing bubble. Bank of America (NYSE: BAC), JPMorgan (NYSE: JPM), Goldman Sachs (NYSE: GS) and Deutsche Bank (NYSE: DB) may be named. The Federal Reserve has asked Bank of America (NYSE: BAC) about what it would do if its financial situation worsens.Japanese Prime Minister Yoshihiko Noda has named Jun Azumi to replace him as Finance Minister.Amazon (NASDAQ: AMZN) has offered to bring 7,000 full time jobs to California by 2015 in exchange for a reprieve from the state's new Internet sales tax law until 2014.

27% profits every 20 days?

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!