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.
"Black Swan" author Nassim Nicholas Taleb commented on the nature of the crisis affecting cryptocurrencies in the wake of FTX's liquidity issues.
What Happened: "There is no such thing as a “liquidity” crisis with cryptos. A liquidity crisis is for something that has some hard intrinsic value. This is just a crisis," said the author on Twitter.
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Taleb tweeted "Epilogue" in response to a tweet on Monday that labeled the liquidity shock a "true black swan event." The Epilogue is a reference to a September tweet featuring a picture of a co-passenger on a flight who was sporting Bitcoin and cryptocurrency tattoos.
See Also: eToro vs. Binance — Which Platform Is Better?
Why It Matters: Taleb's comments were made in the wake of the FTX liquidity crisis that led to a massive crash in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) as well as other cryptocurrencies.
The Sam Bankman-Fried-led FTX asked rival Binance for help and later the leaders of the two exchanges announced that FTX would be acquired by Binance, a company led by Changpeng Zhao.
"There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch," said Zhao.
Read Next: FTX (FTT) Crisis Is Crypto’s ‘Lehman Brothers’ Moment: Circle CEO Jeremy Allaire
Photo: Salzburg Global Seminar 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.