Bill Ackman Says Banks Are Less Leveraged Now - Citigroup (NYSE:C), Bank of America (NYSE:BAC)

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.

Bill Ackman of Pershing Square Capital spoke at the Value Investing Congress, and said that the banks have marked down their books much more aggressively than in the past.He mentioned Citigroup (NYSE: C) and Bank of America (NYSE: BAC) as being two examples who have marked down books tremendously.

27% profit every 20 days?

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