October 29, 2012 8:08 AM | 1 min read |
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.
Bank of America reduced its rating on Santander (NYSE: SAN) from Buy to Neutral. Bank of America said, "We are downgrading Santander from Buy to Neutral as we see limited room for a further re-rating of the stock. … We consider Santander a well run bank with a solid business model, but fear macro headwinds in core markets of the bank will put a damper on share price appreciation. Similarly, adverse bank drivers (deleverage, readjustment of the wholesale funding portfolio, and a lower for longer interest rate scenario) are difficult to ignore. In addition, the Spanish “bad” bank could add pressure on Santander to increase provisions on its domestic real estate related exposure."Santander closed at $7.35 on Friday.
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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