May 6, 2016 11:47 AM | 1 min read |
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.
Sothebys (NYSE: BID) is set to auction a Fauvist painting by Andre Derain, potentially selling for $20 million. The painting is part of Sotheby's giga-week of auctions, totaling over $500 million in artwork.Bloomberg Pursuits' Art Columnist James Tarmy explains what makes this painting so valuable.http://www.bloomberg.com/news/videos/2016-05-05/why-is-this-painting-valued-at-20-millionThe 1906 painting, titled "Red Sails," is drawn on the basis of Fauvism, a style of painting that emerged in France around the turn of the 20th century. Both Henri Matisse and André Derain were the leaders of the Fauvism movement, which lasted only few years.Tarmy says the size of the painting is 30 inches by 39 inches and the potential price of $20 million implies a cost of $17,000 per square inch. Tarmy added that the features of the painting include loose brush strokes, and dots of color, "which are extremely vivid."In addition, the signature is the valuable part in the painting apart from the components that adds the appearance."In terms of object, it is a phenomenal valuable thing," Tarmy said.
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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