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.
At Fortune’s Most Powerful Women Summit in October, the legendary investor and Chairman of Berkshire Hathaway Inc. (NYSE: BRK.B), Warren Buffett, famously said, "Hillary is going to win, yeah, […] I will bet money on it. And I don't do that easily." As it turns out, Buffett actually went ahead and put his money on Hillary.
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A recent article by Lisa Lerer, published on Bloomberg Politics revealed that Buffett donated $25,000 to Ready for Hillary last quarter, the maximum an individual can donate under the self-imposed cap by the group.
On Buffett’s political inclination Lerer writes, “The contribution marks a major shift for one of the country's most famous business leaders, who's long been known in Democratic circles as a bit of a political tightwad. Though he's given hundreds of thousands to party committees and candidates, Buffett has shunned super-political action committees and other groups that can take unlimited sums. Last cycle, he headlined fundraisers for Obama’s re-election, though he rebuffed solicitations by Priorities USA Action, a super-PAC supporting the president. “I don’t want to see democracy go in that direction,” he said in May 2012 when asked at his company's annual shareholder meeting about his position on giving to outside groups. “You have to take a stand some place.””
Lerer highlights that Buffett has been ardent Clinton supporter, writing, “Just days after President Barack Obama's re-election, Buffett told CNN that there wasn't anyone better qualified than Clinton for the job in 2016. He also said donating to super-PACs was simply "wrong," an opinion that he apparently no longer holds.”
Lerer also clarified that “Ready for Hillary has no official ties to Clinton. But they've become a campaign-in-waiting for the former secretary of state, amassing a list of 3 million supporters. The organization plans to begin shutting down as soon as Clinton formally announces—if she decides to run, of course.”
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.