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.
The European Union's controversial $14.5 billion tax bill handed to Apple Inc. (NASDAQ: AAPL), which it expects Ireland to collect, proves two things. One, the EU has the resources and will to take on global giants in issues it deems pertinent, and two, the EU itself may have reinforced the case why the people of England were in favor of Brexit.
CNBC argued on Tuesday that the Irish government's position of not believing Apple owes them any back taxes is "essentially telling the EU to mind its own business."
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CNBC added that the Irish government is also telling EU bureaucrats half a continent away in Brussels that they "have no business telling Dublin how much they should tax companies."
The over-reaching arm of the EU was a focal point of the Brexit vote and the people of England felt their country's direction is best served by politicians in London.
Brexit Can Attract Companies
According to Bloomberg, now that the people of England voted to distance themselves from the EU, the country can now "reinvent itself" as a "fiscal paradise for multinationals."
After all, EU rules will not be binding in the country once it officially leaves the union — although this may take several years to do so.
The U.K. can now focus on how it can "participate in the single market as an outsider," Bloomberg added, as the country will be free to set its own rules and avoid one of the most "consistent" characteristics of the EU, "coming down hard on anything that smacks of state aid or unfair competition."
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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.