S&P Cuts BofA, Citigroup - Citigroup (NYSE:C), Bank of America (NYSE:BAC)

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.

Standard & Poor's has lowered credit ratings on Dow component Bank of America (NYSE: BAC) and Citigroup (NYSE: C) to A- from A. The A level is still investment grade and implies "strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances," according to the S&P Web site.A plus or minus sign is used to show relative standing within the major rating categories. BofA plunged more than 3% today while Citi closed modestly higher.

27% profit every 20 days?

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