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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Contagion
O'Donnell's biggest fear is contagion -- a domino effect whereby one large economic catastrophe would pull money out of a wide range of assets. "These things quickly become fueled by emotions of fear."He has already seen this logic begun to be applied to forex markets. He noted that the Australian, New Zealand, and Canadian dollars have all been hit as of late. Meanwhile, people have flocked to the United States as a currency safe haven and have correspondingly driven up the value of the dollar. "It's driven by fear," O'Donnell claimed.Advice For Investors
O'Donnell advised investors that in this bearish climate, short-term trading could actually present less risk than long-term investments. One major reason, he said, is because it allows market participants to generate gains by short-selling. He mentioned, furthermore, that predicting long-term value can be difficult in such a hazy market environment.But according to O'Donnell, the prevailing image on Wall Street and in financial media is that long-term investments are always the safer option. He believes that this warped image has come about because mutual fund and hedge fund managers, who charge custodian fees for the money they hold, benefit financially from extended investments. Nevertheless, O'Donnell suggested that the best investment may not be either long-term or short-term. Instead, he believes that holding cash large amounts of cash is the ideal tactic during credit purges. "Costs of goods and services go down, so your purchasing power goes up.""A bust cycle isn't the end of the world," he reiterated. "It'll hurt, but we'll get through this."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.