September 21, 2012 5:04 PM | 1 min read
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.
Discover Financial Services (NYSE: DFS) today announced that its subsidiary,Discover Bank, has reached an agreement in principle with the Federal DepositInsurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB)to resolve previously disclosed matters related to the marketing of certaincredit protection products sold by telephone. The agreement is subject tofinal approval by both regulatory agencies.“We have worked hard to earn the loyalty of our cardmembers, and we arecommitted to marketing our products responsibly,” said David Nelms, chairmanand chief executive officer of Discover. “As always, we will continue tostrive to deliver the highest standards of customer service and satisfaction.”The agreement requires the company to provide refunds of approximately $200million to cardholders who purchased the products by telephone from December2007 to August 2011 and calls for certain enhancements to the company'smarketing practices. The company will pay an additional $14 million in civilmonetary penalties to be split between the FDIC and the CFPB.
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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