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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James McGregor, an expert on the Chinese market and consumers, was a guest on CNBC's "Squawk on the Street" segment on Wednesday to offer his take on what U.S.–China relations might look like moving forward.
We're Not In Kansas Anymore
According to McGregor, American businesses have indeed been taken advantage of, as Trump has claimed, and a pushback from the president-elect was needed. The problem is that the pushback from Trump happened too quickly and is akin to an "unguided missile."
Meanwhile, China's government has already planned many retaliatory actions it can take, including specific American companies or sectors as a whole.
"This is not a real estate deal in New York," McGregor said in reference to Trump's vast experience in the real estate sector. "You are playing with the big boys here. We need to back off and be smart in the way we deal with China — but a pushback is welcome."
McGregor continued that this pushback seems confusing to the business community because it is uncertain what the ultimate outcome may be.
Trump's Inner Circle
McGregor further suggested that Trump's inner circle, including a Wilbur Ross, Trump's Secretary-elect of Commerce, has done many deals internationally throughout his career but he isn't "up to date" on U.S.–China economic relations.
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.