December 4, 2013 2:08 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.
The U.S. Department of Justice's (DOJ) investigation of alleged bribery at Wal-Mart Stores Inc. (NYSE: WMT) is wider and deeper than previously reported. Reuters reported that the world's largest retailer is now paying the legal bills for at least 30 executives caught up in the scandal.“These numbers suggest that DOJ is really digging deep,” anti-corruption law expert Richard Cassin told Reuters. Reuters did not name any of the executives involved and didn't say what the cost of the legal bills was. The investigation stems from a New York Times report that alleged Wal-Mart bribed officials in Mexico to facilitate the opening of new stores. The Times article had named Wal-Mart Vice Chairman Eduardo Castro-Wright and former chief H. Lee Scott Jr. as being involved in the scandal.The department is also investigating allegations of wrong doing by Wal-Mart executives in Brazil, China and India, Reuters reported. Reuters did not provide any details about the allegations against Wal-Mart in those countries.The news of the investigation had a negative effect on Wal-Mart's stock price. The retail giant's share price fell by .55% or 45¢ in mid-day trading on Dec. 4. Wal-Mart shares had risen to a new high of $81.01 on Nov. 29.
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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