March 25, 2013 4:19 PM | 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.
PartnerRe Ltd. (NYSE: PRE) today announced the formation of Lorenz Re Ltd., aSpecial Purpose Insurer domiciled in Bermuda. Lorenz Re was capitalized with$75 million through the issuance of multiple classes of preference shares. Itwill provide additional capacity to PartnerRe on a diversified portfolio ofcatastrophe reinsurance treaties over a multi-year period.Costas Miranthis, President and Chief Executive Officer of PartnerRe said,“Lorenz Re allows us to provide additional capacity to a number of our clientswhile optimizing the deployment of our capital. Investors will benefit fromPartnerRe's twenty years of experience and expertise in the catastrophemarket, as well as access to our diversified portfolio of catastrophe risks.”Aon Benfield Securities, Inc. acted as advisor on the transaction. PrimeManagement Limited, a Bermuda company specializing in the administration ofinvestment funds and special purpose insurance vehicles, will serve as theinsurance manager of Lorenz Re.
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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