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.
Amid a spate of energy issuer defaults and downbeat performances by CCC-rated issues, tensions are running high in the U.S. junk bond market. Last year, the iShares iBoxx $ High Yield Corporate Bond ETF (NYSE: HYG) and the SPDR Barclays High Yield Bond ETF (NYSE: JNK), the two largest junk bond exchange traded funds by assets, fell an average of 5.9 percent.
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Add to that, ETFs such as HYG and JNK have been plagued by abundance of issues from the downtrodden energy and materials sectors. Those groups accounted for the bulk of high-yield defaults last year.
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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.