May 5, 2011 9:59 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.
North American Financial Holdings, Inc., announced today that it has signed a definitive investment agreement to acquire a 90.1% stake in Green Bankshares, Inc. (NASDAQ: GRNB) for $217 million. The Greeneville, Tennessee-based holding company is the parent of GreenBank, a 65-bank branch network with $2.4 billion in assets headquartered in Greeneville, Tennessee, with operations in Nashville, Knoxville and other Tennessee markets. The NAFH investment will be composed of approximately 120 million newly issued shares of Green Bankshares' common stock at a price of $1.81 per share. In addition, and upon consummation of the investment, Green Bankshares' current shareholders will receive a Contingent Value Right, entitling them to cash proceeds of up to $0.75 per share, based on the credit performance of GreenBank's legacy loan portfolio over the five years following closing.
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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