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.
- Battered Credit Suisse Group AG (NYSE:CS) recently launched a process to sell its U.S. asset management arm, dubbed Credit Suisse Asset Management (CSAM).
- The unit is expected to draw interest from private equity firms and other asset managers, said the source, who spoke anonymously to discuss private information.
- The source added that there was no guarantee of a sale, and Credit Suisse could ultimately retain the business.
- Bloomberg News reported earlier, citing people familiar with the matter.
- Earlier in the day, citing a source, Bloomberg stated that Credit Suisse had approached at least one Middle Eastern sovereign wealth fund for a capital injection.
- Abu Dhabi and Saudi Arabia-based sovereign wealth funds are mulling whether to infuse new capital into Credit Suisse's investment bank and other businesses.
- The size and other details of a potential capital injection could not be learned.
- Last month, reports were circulated that Credit Suisse was looking to raise fresh capital. It has raised almost CHF12 billion ($12.22 billion) since 2015, but it is unclear how much the investors are interested as the bank has been at the center of several scandals.
- Price Action: CS shares are up 4.40% at $4.75 during the premarket session on the last check Tuesday.
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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