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.
Black Monday was very black indeed for Greek stocks as the Athens Stock Exchange tumbled 10.5 percent. If Greece was still a developed market, which it is not, that would have been good for the worst decline among developed market equity bourses.
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As it was, the 10.5 percent slide experienced by Greek stocks was more than double that of their Spanish counterparts. Stocks in fellow PIIGS countries Italy and Portugal lost less than six percent. Athens shocks were enough to send the Global X FTSE Greece 20 ETF (NYSE: GREK) lower by 6.8 percent in New York yesterday, helping the lone dedicated Greece ETF to join 289 others in the new all-time low club for ETFs.
With another change in power and elections slated for perhaps as early as Sept. 20, GREK and Greek equities will be captivating global investors' attention over the next few weeks. Investors that do not want the commitment of GREK but are still looking to participate in some potential upside for Greek equities have options courtesy of some undiscovered ETFs.
Outside of GREK, one of the ETFs with the largest exposure to Greek stocks is the Cambria Global Value ETF (NYSE: GVAL). GVAL offers exposure to 11 countries ranging in weights from six percent to 10 percent, so the fund's nine percent allocation is significant.
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The aim of the actively managed GVAL is to unearth the least expensive stocks in countries where macro factors, such as political volatility and recessions, have created deeply compelling valuations. Indeed, the ETF's country lineup is true to that objective. For example, Russia, historically home to some of the least expensive emerging markets stocks, is 10 percent of GVAL's weight.
Over the past month, GVAL is down 5.9 percent, which does not sound good, but that showing is stellar compared to the average loss of 11.4 percent turned in by the MSCI EAFE and MSCI Emerging Markets indexes over that period.
The newly minted Deutsche X-trackers MSCI Southern Europe Hedged Equity ETF
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.