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.
by Fay Faatin, KapitallWire staff writer
Eric Cantor is a United States Representative from the 7th congressional district of Virginia and is also the current Majority Leader of the House.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
In December of 2011, Cantor tried to block the passage of the STOCK Act which was designed to outlaw insider trading in Congress by requiring all Members to disclose their financial assets and transactions. Moreover, this was an Act that had overwhelming bipartisan support, and yet Mr. Cantor seemed to have qualms about it. Oh, and did I mention his wife is on the board of Directors at Domino’s Pizza, Inc (DPZ), which happens to be Cantor’s top holding with around $1M worth of their stocks?
Besides Cantor’s love of pizza, there is nothing conspicuous about his portfolio. He has a decently diversified assortment of company stocks as well as a reasonable amount of money in funds. Like his other colleagues, Cantor also invests a good amount in Goldman Sachs (GS).
1. Domino’s Pizza, Inc. (DPZ, Earnings, Analysts, Financials): This is Mr. Cantor’s topmost holding because he owns between $500,001 and $1,000,000 in stock options as well as another $100,001 – $250,000 in regular stocks. DPZ operates as a pizza delivery company in the United States and internationally. Market cap at $2.47B, most recent closing price at $43.46.
2. Media General, Inc. (MEG, Earnings, Analysts, Financials): Cantor owns $250,001 – $500,000 in deferred compensation stocks. Media General, Inc. is a provider of local news and information over multiple media platforms principally in small and mid-size communities throughout the Southeastern United States. Market cap at $119.82M, most recent closing price at $4.29.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
3. QUALCOMM Incorporated (QCOM, Earnings, Analysts, Financials): Constitutes $100,001 – $250,000 of Cantor’s assets. The company engages in the development, design, manufacture, and marketing of digital wireless telecommunications products and services. Market cap at $107.12B, most recent closing price at $62.86.
4. Goldman Sachs Financial Square Money Market Fund (GREXX, Earnings, Analysts, Financials): $100,001 – $250,000. The Fund seeks to maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity.
5. Markel Corporation (MKL, Earnings, Analysts, Financials): $50,001 – $100,000. Markel Corporation markets and underwrites specialty insurance products and programs. It operates in three segments: Excess and Surplus Lines, Specialty Admitted, and London markets. Market cap at $4.17B, most recent closing price at $433.95.
6. Consolidated Edison Inc. (ED, Earnings, Analysts, Financials): $15,001 – $50,000. Provides electric, gas, and steam utility services in the United States. Market cap at $16.53B, most recent closing price at $56.44.
7. Goldman Sachs Group Inc (GS, Earnings, Analysts, Financials): $15,001 – $50,000. Provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Market cap at $60.96B, most recent closing price at $129.72.
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.