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.
While the Federal government tax code officially charges corporations a top statutory tax rate of 35 percent, that’s not what (all) companies are paying. If one looks at the largest companies in the United Sates by earnings, they may be surprised at the actual (effective) tax rates paid.
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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The extreme case is General Electric Company (NYSE: GE), with nearly $13 billion in net (after tax) income, and a tax bill of less than 4 percent. Johnson & Johnson (NYSE: JNJ) pays just over 10 percent on over $15 billion of net income.
The top three tax payers are all Big Oil.