June 17, 2010 3:11 PM | 1 min read
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.
Bank of America/Merrill Lynch (BAC) recently announced that the company will offer 30 commission free equity trades per month starting June 21st. The discount brokerage operations will be run through Merrill Lynch’s trading desks. Customers will be required to have a combined balance of at $25,000 in their High Yield CDs, Checking, and Savings Accounts to qualify. The discount brokers are selling off on this news with E*Trade Financial Corporation (NASDAQ: ETFC) off 5%, TD Ameritrade (NASDAQ: AMTD) off 4.77%, and Tradestation Group (NASDAQ: TRAD) off 2.53%. Interesting to note is that Citigroup (NYSE: C) and Chase Bank (NYSE: JPM) tried this same equity trading plan four to five years ago, but the idea never really took off.
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.
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