February 12, 2015 5:33 AM | 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.
(NYSE: CS) posted a profit in the fourth quarter.Credit Suisse posted a quarterly profit of 921 million Swiss francs ($990.8 million), versus a year-ago loss of 476 million francs.Its net revenue climbed 8% to around 6.4 billion francs. Analysts were estimating a profit of 738 million francs.Pretax profit at its investment bank came in at 12 million francs. Revenue from fixed-income trading dipped 18% to 610 million francs and equities revenue surged 13% to 1.19 billion francs.Credit Suisse's private banking and wealth management division posted pretax earnings of 882 million francs, compared to 424 million francs in the year-ago period.Credit Suisse shares rose 0.05% to $21.42 in after-hours trading.
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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