UPDATE: Societe Generale Downgrades Royal Bank of Scotland to Hold on Core Balance Sheet Issues

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.

Societe Generale downgraded Royal Bank of Scotland (NYSE: RBS) from Buy to Hold.Societe Generale commented, "RBS has shown remarkable consistency in shrinking the high risk/low return assets in its Non-Core division (down from £258bn at the end of 2008 to £57bn), but the improving balance sheet shifts the focus to RBS Core, the ongoing business. It has some strong elements (UK retail, UK corporate) but is constrained by a subscale investment bank and a heavily loss-making Irish business that is unlikely to make a decent return for years."Royal Bank of Scotland closed at $9.86 on Thursday.

27% profits every 20 days?

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