Small Banks Continue To Close

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.

Did you think that the banking crisis was over? Federal regulators are continuing to shut down struggling banks. 129 banks have failed this year alone. The Federal Deposit Insurance Corp. shut down Wakulla Bank with $424.1 million in assets and Shoreline Bank in with $104.2 million in assets. The two bank failures are expected to cost the FDIC over $150 million dollars.The total number of bank failures for 2010 is expected to exceed last year's number of 140.

27% profit every 20 days?

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