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.
It has been a tough year for European markets. Turmoil in Greece, questions about unity and a difficult return to normalcy after a lasting financial crisis have weighed on investor confidence in the region.
The region was finally wading into calm water after questionable bailout negotiations in Greece when markets dropped suddenly on Monday due to mounting concerns about China. Now, investors are wondering whether or not the regions share markets will find footing following the slide.
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Stability Returns
On Monday, Europe's share markets crashed alongside those in the United States and China. However, on Tuesday signs of stability were emerging with the U.K.'s FTSE 100, France's CAC 40 and the German DAX all opening higher. While China's stocks continued to slide, it appeared on that investors were dipping a toe back into the investment pool on Tuesday in hopes of finding bargains.
Related Link: The Biggest Losers From Monday's Market Meltdown
Positive Data
Positive economic data from the eurozone helped give investors more confidence in returning to the region; Germany's second-quarter GDP report showed that the nation's economy expanded 0.4 percent in the second quarter. That falls inline with expectations and marks an increase from the nation's first quarter increase of 0.3 percent.
Keep Calm And Carry On
Despite growing fears that markets will be unable to recover, many analysts say the China worries will not be enough to push the global economy into a recession. On Tuesday, a Goldman Sachs research note remarked that the firm doesn't see a recession on the horizon, though near-term market risk has increased significantly.
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.