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.
Spain has started working with European Union officials on a potential bailout, according to a report in the Financial Times today, but if it goes ahead it will be a different beast to the three post-crisis bailouts already announced.
Spain's sheer size means that its combined gross domestic product is bigger than all the previously bailed-out nations: Ireland, Portugal, and Greece.
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The source of its pain is also different to the sovereign debt problems of Greece. Spain's ratio of debt to gross domestic product is lower than Germany's, and it has been narrowing its current account deficit.
The results of Spain's financial sector review by auditor Oliver Wyman will be announced next Friday. The government is also preparing a new budget for 2013, to be announced next week, which the EU is believed to be helping shape ahead of a bailout announcement. Speculation about what both will contain has already increased.
Francisco Gonzalez, chairman of BBVA, predicted on Thursday that Spanish banks will need 70 billion to 80 billion euros ($91 billion to $104 billion) to plug a capital shortfall, much higher than the 51 billion to 62 billion euros ($66 billion to $80 billion) estimate that Oliver Wyman made in June and IMF forecasts of around 40 billion euros ($52 billion).
via CNBC
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.