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.
In a recent news conference, California Governor Gavin Newsom criticized the Wall Street Journal (WSJ) for suggesting his support for a wealth tax, a proposal he has strongly opposed for years.
What Happened: As per Politico’s report on Wednesday, Newsom voiced his strong disapproval of the WSJ’s suggestion of his support for a wealth tax. He had rejected the proposal even before the WSJ’s editorial was published and reaffirmed this position during a budget presentation in Sacramento.
Newsom accused the conservative media of intentionally misrepresenting his stance, particularly singling out the WSJ for its editorial, which did not acknowledge his opposition. The governor argued that the misrepresentation was damaging California’s image and undermining the state’s interests.
"I think it's shameful, because I think it's done very intentionally. It's not truth-seekers, it's ideological warriors.” he said.
Newsom also expressed his frustration with the impact the editorial might have on his political future. Despite his centrist fiscal record, he could be linked to California’s more progressive proposals if he were to run for the 2028 presidential election.
Why It Matters: Newsom’s criticism of the WSJ is not an isolated event. He has been vocal in the past about his opposition to conservative media, frequently calling out outlets like Fox News. The WSJ’s editorial placing Newsom’s photo alongside the wealth tax proposal has triggered a strong reaction from the governor, who sees it as a deliberate attempt to damage California’s reputation.
The ongoing debate around a wealth tax in California is a significant issue, with Democrats proposing a $20 billion bill as an alternative to spending restraint. Newsom’s adamant rejection of this proposal, despite his party’s majority, adds an extra layer to the controversy.
Image Credits – Shutterstock
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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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