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.
NEW YORK, May 22, 2015 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of April 30, 2015.
Alliance New York Municipal Income Fund, Inc. | |
Top 10 Fixed-Income Holdings | Portfolio % |
1) Port Authority of New York & New Jersey Series 2012 5.00%, 10/01/34 | 4.82% |
2) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25 | 4.17% |
3) Utility Debt Securitization Authority Series 2013T 5.00%, 12/15/30 | 4.17% |
4) New York State Thruway Authority (New York State Thruway Authority Ded Tax) Series 2011A 5.00%, 4/01/31 | 3.97% |
5) New York State Dormitory Authority (New York State Dormitory Authority Lease) Series 2013A 5.25%, 7/01/30 | 3.07% |
6) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012A 5.00%, 6/15/31 | 3.04% |
7) New York State Thruway Authority (New York State Thruway Authority Gen Toll Road) Series 2014J 5.00%, 1/01/41 | 2.92% |
8) New York State Dormitory Authority (New York St Pers Income Tax) 5.00%, 3/15/26 | 2.91% |
9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) Series 2014 5.00%, 7/15/31 | 2.82% |
10) New York City Water & Sewer System Series 2011HH 5.00%, 6/15/26 | 2.64% |
Sector/Industry Breakdown | Portfolio % |
Revenue | |
Toll Roads/Transit | 10.90% |
Water & Sewer | 10.20% |
Health Care - Not-for-Profit | 9.82% |
Higher Education - Private | 9.66% |
Revenue - Miscellaneous | 8.22% |
Electric Utility | 7.58% |
Airport | 7.34% |
Senior Living | 3.69% |
Higher Education - Public | 1.23% |
Industrial Development - Utility | 0.23% |
SUBTOTAL | 68.87% |
Tax Supported | |
Special Tax | 19.63% |
Tax-Supported State Lease | 3.02% |
Local G.O. | 2.03% |
Assessment District | 0.42% |
State G.O. | 0.18% |
SUBTOTAL | 25.28% |
Asset-Backed | |
Housing - Multi-Family | 3.86% |
SUBTOTAL | 3.86% |
Prerefunded/ETM | 1.99% |
Total | 100.00% |
State Breakdown | Portfolio % |
New York | 91.94% |
Idaho | 2.82% |
Texas | 2.04% |
Florida | 0.97% |
Kansas | 0.97% |
Illinois | 0.43% |
Colorado | 0.42% |
Ohio | 0.23% |
California | 0.18% |
Total Investments | 100.00% |
Credit Quality Breakdown | Portfolio % |
AAA | 15.56% |
AA | 52.87% |
A | 18.78% |
BBB | 8.36% |
BB | 1.09% |
Not Rated | 1.35% |
Pre-refunded Bonds | 1.99% |
Total Investments | 100.00% |
Bonds By Maturity | Portfolio % |
Less than 1 year | 0.00% |
1 to 5 years | 3.62% |
5 to 10 years | 5.87% |
10 to 20 years | 74.22% |
20 to 30 years | 14.32% |
More than 30 years | 1.97% |
Other | 0.00% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percentage: | 10.30% |
Average Coupon: | 5.29% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 0.00% |
Preferred Stock: | 36.77% |
Tender Option Bonds: | 3.79% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 40.56%* |
Average Effective Maturity: | 6.93 Years |
Effective Duration: | 5.96 Years |
Total Net Assets: | $111.22 Million** |
Common Stock Net Asset Value: | $14.56 |
Number of Holdings: | 74 |
Portfolio Turnover: | 42% |
* The total percentage of leverage constitutes 3.79% through the use | |
of tender option bonds, 36.77% in issued and outstanding preferred | |
stock and 0.00% in investment operations, which may include the use | |
of certain portfolio management techniques such as credit default | |
swaps, dollar rolls, negative cash, reverse repurchase agreements and | |
when-issued securities. | |
** Includes 40,800,000 of preferred stock at liquidation value. | |
The foregoing portfolio characteristics are as of the date indicated | |
and can be expected to change. The Fund is a closed-end U.S.- | |
registered management investment company advised by AllianceBernstein | |
L. P. |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-new-york-municipal-income-fund-releases-monthly-portfolio-update-300088053.html
SOURCE Alliance New York Municipal Income Fund, Inc.
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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