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.
Watch out Blackstone Inc (NYSE:BX), Kim Kardashian is making her way into private equity.
The 41-year-old reality TV personality is collaborating with Jay Sammons, a former executive at Carlyle Group (NASDAQ:CG), to found SKKY Partners, a PE group that will make investments in rapidly expanding companies across a variety of industries, including hospitality, media, and consumer goods.
Forbes estimates that Kardashian, who gained notoriety after being featured on the "Keeping Up With the Kardashians" reality show, has a net worth of $1.8 billion.
I’m pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner, along with @KrisJenner who will serve as partner at our firm. pic.twitter.com/KExQTsVGbf
— Kim Kardashian (@KimKardashian) September 7, 2022
Kardashian introduced the shapewear line Skims in 2019, which had a valuation of $3.2 billion in 2021. Earlier this year, the entrepreneur also introduced the skin-care line SKKN BY KIM.
Around the same time, in May, Kardashian was named “Chief Taste Consultant” after inking an endorsement deal with Beyond Meat Inc (NASDAQ:BYND) to promote the company’s plant-based protein products.
While married to rapper Kanye West, in 2017, he gifted her with a swath of shares from blue-chip companies including, Walt Disney Co (NYSE:DIS) — which is the majority owner of Hulu, where "Keeping Up With the Kardashians" currently airs — Amazon.com, Inc (NASDAQ:AMZN), and Netflix Inc (NASDAQ:NFLX).
Kardashian's newly formed PE group's day-to-day operations will be managed by Sammons, a 16-year Carlyle veteran, who has made successful investments in well-known companies like Beats by Dre, a line of headphones founded by the rapper Dr. Dre and later acquired for $3 billion by Apple Inc (NASDAQ:AAPL).
The 41-year-old joins celebrities like Gwyneth Paltrow, Leonardo DiCaprio, and Ashton Kutcher in starting their own PE and VC investing funds.
Photo: Courtesy of Eva Rinaldi on flickr
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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