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.
Janus Capital’s Bill Gross appeared on Bloomberg on Thursday, discussing several topics including central banks, the state of the global economy and Chinese stocks.
Talking about the state of the global economy, Bill Gross went into the Chinese stock markets, which he believes are likely to tumble 5 or 6 percent on Friday. “Based upon the ETF in the United States, China is predicted to be down 5 percent or 6 percent,” he explained.
“But China is an artificial market,” he added. “All global markets are artificially based. And to the extent that we have a catharsis, I think, depends upon central banks basically giving up in terms of what they do. I don't think that's going to happen."
Gross then assured that, no matter what it takes, Draghi is in it. The U.S. Fed will stop increasing interest rates if they envision a problem; “China will get back into the markets if they have a catharsis and the Japanese, of course, buy stocks and bonds like they are going out of style,” he continued.
So, basically, it’s up to the central banks to say the day or avert a catharsis, and the expert thinks they well. But ultimately, to his way of thinking, “that's not a good thing because it allows for zombie corporations and zombie production that we are now seeing in terms of the oil market.”
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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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