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.
The new chairman of the Foreign Affairs Committee in the U.S. House of Representatives said the odds of conflict with China over Taiwan “are very high.”
What Happened: After a U.S. Air Force general, in a memo, warned that Washington would fight Beijing in the next two years, a top Republican in the U.S. Congress, Mike McCaul, said "I think he is right," Reuters reported.
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“The odds are very high that we could see a conflict with China and Taiwan and the Indo-Pacific,” McCaul added.
See Also: Xi Jinping’s China Said To Face More Chip Curbs From These 2 US Allies
McCaul said that if Xi Jinping's government failed to take control of the island nation bloodlessly, then “they are going to look at a military invasion in my judgment. We have to be prepared for this.”
The comments from McCaul were prompted by the memo dated Feb. 1 that was released on Friday, in which General Mike Minihan wrote to the leadership of its roughly 110,000 members, saying, “My gut tells me we will fight in 2025.”
Although a U.S. defense official clarified that “these comments are not representative of the department’s view on China,” it shows concern at the highest levels of the military over a possible attempt by Xi's administration to reunify with Taiwan by force.
Meanwhile, a former Singaporean diplomat last week said that the Chinese President wouldn’t survive a “botched” war, like Vladimir Putin, if he decides to invade Taiwan.
“If China starts a war over Taiwan, it must win and it must win quickly. Putin can survive, I think probably will survive a botched war against Ukraine. But no Chinese leader will survive a failed war against Taiwan,” Bilahari Kausikan said.
Check out more of Benzinga’s Europe and Asia coverage by following this link.
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.