May 25, 2011 4:21 PM | 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.
On May 16, 2011, Fifth Third Bancorp (NASDAQ: FITB) delivered a notice to the trustee of Fifth Third Capital Trust VII to mandatorily redeem the 8.875% trust preferred securities of the Trust on June 15, 2011 at an aggregate cash redemption price of $25.18 per Trust Preferred Security. This action constitutes a redemption as a result of a “Capital Treatment Event” under the Trust Preferred Securities' governing instruments in connection with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Trust Preferred Securities were listed on the New York Stock Exchange under the trading symbol FTBPRC. The Exchange was notified of the redemption on May 17, 2011 and a Current Report on Form 8-K describing the redemption notice was filed by the Company with the Securities and Exchange Commission on May 18, 2011. Trading in this security was halted by the New York Stock Exchange shortly after this Form 8-K was filed and did not resume until a new trading symbol, FTBPRCCL, was assigned on May 19, 2011.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.