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.
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ACTION ITEMS:
Bullish:Traders who believe that the news will bode well for U.S. markets might want to consider the following trades:
- Investment banks tend to reflect moves in Europe, so Goldman Sachs (NYSE: GS), JPMorgan (NYSE: JPM), and Morgan Stanley (NYSE: MS) should reflect the news, even if their investment in Europe is limited.
- A European ETF such as the Dow Jones EURO STOXX 50 (NYSE: FEX) or the iShares S&P Europe 350 (NYSE: IEV) may become more affordable on today's news, so investors bullish on Europe for the long term might consider buying into them if they fall on today's news.
Bearish:Traders who think that today will be a bearish day in America may want to think about some alternatives:
- Shorting the above ETFs, or shorting Credit Agricole, Societé Generale, or BNP Paribas (EPA: BNP) may be in order.
- If European drama is too much for your blood pressure, divestment from the continent may be in order. Some traditional banks have already made that move, with a turn to domestic opportunities. Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) have led the pack towards domestic conventional banking revenues, so a closer look at them may be in order.
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.