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.
(OTCPK: FIATY)
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The auto-maker, meanwhile, is anxious to show it's not only turned around its business in the wake of the government's 2009 bailout, but that the future looks bright. In its IPO filing last month with the SEC, Chrysler described its alliance with Fiat as a “fundamental” part of its transformation – which, as of the end of August, included 41 consecutive months of year-over-year U.S. sales gains.
But there are some bumps in the road; most notably a contentious provision from the United Auto Workers retireee healthcare trust – which owns over 41 percent of Chrysler, with Fiat owning the rest. The provision, hammered out during Chrysler's bankruptcy deal, allows the trust to demand preparations for the IPO, even though Fiat reportedly wants to purchase all of Chrysler's shares.
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“The trust is looking for a windfall based on the current expected value of a public-traded Chrysler,” said Jack Nerad, Kelley Blue Book's executive editorial director and a market analyst, in comments issued last week, “but the move may actually harm Chrysler’s future and by extension harm current Chrysler workers.”
Nerad wonders if the IPO could become a stumbling block for Chrysler's consolidation within Fiat's global operations. However, he adds, “what is certain is that in the current market Chrysler would appear to have strong value if it were to go public.”
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.