October 20, 2011 3:29 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.
Oklahoma-based Exchange Traded Concepts, the new ETF incubator firm run by Garrett Stevens who previously ran FaithShares, the now-defunct ETF issuer behind several Christian denomination funds, has filed requests for exemptive relief with the Securities & Exchange Commission to issue fixed income and actively managed, according to a statement issued today by the company.Exchange Traded Concepts has also requested relief to issue domestic and international funds that employ fund-of-funds, 130/30, and balanced strategies, the statement said.“These filings mark our latest commitment to provide investment managers and financial advisors, both in the U.S. and abroad, a single partner to quarterback all the operational and regulatory complexities of running an ETF so they can focus on growing their business and brand,” Stevens said in the statement.The firm hopes to launch the new funds next year. Tickers and expense ratios for the new funds were not disclosed.In August, Exchange Traded Concepts filed plans with the SEC to launch seven China-specific ETFs.
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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