April 4, 2012 4:15 PM | 1 min read |
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.
Validus Holdings, Ltd. (NYSE: VR) announced today the capitalization of PαCRe. PαCRe has been formed to combine the attractive returns available from underwriting top layer reinsurance programs with a long term approach to asset management. PαCRe is funded with $500.0 million of contributed capital and is rated "A-" (Excellent) by A.M. Best Co. Validus Underwriting Services, Ltd. will underwrite business for PαCRe for which it will be paid a profit commission based on the company's underwriting results. PαCRe will commence deploying capacity for the June 1, 2012 renewal season. Validus has invested $50.0 million in PαCRe's common equity. PαCRe's investment portfolio will be managed under a long term investment management agreement by Paulson & Co. Inc. Paulson & Co. has approximately US$24 billion in assets under management and has offices in New York, London and Hong Kong.
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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