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.
Kobe Bryant, the late NBA legend, was not just a basketball player. The five-time NBA champion also won an Academy Award in 2018 and was an esteemed businessman.
One of his big investments paid off big time. In 2014, Bryant purchased 10% of BodyArmor, a Gatorade competitor, for $6 million.
Coca-Cola Co (NYSE:KO) on Monday announced it acquired full ownership of BodyArmor, paying $5.6 billion in cash, valuing BodyArmor around $8 billion. The company had purchased a minority stake in 2018.
See Also: Coca-Cola Acquires Remaining 85% Stake In BODYARMOR For $5.6B
With that valuation, Bryant’s 10% investment is estimated to be worth around $800 million today. That puts his returns from $6 million to $800 million around a 13,222% gain in less than eight years.
The $794 million profit from the BodyArmor investment, far outweighs all of the money Bryant made from his NBA earnings. While Bryant certainly worked hard for the money he earned, he proved he could make his money work for him as well.
Photo: Mike Mozart via Flickr
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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