May 31, 2011 9:03 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
BCD Semiconductor Manufacturing Limited (NASDAQ: BCDS), a leading analog integrated device manufacturer, or IDM, based in China, specializing in the design, manufacture and sale of power management integrated circuits, or ICs, today announced that it has acquired Auramicro Corporation, a private company incorporated in Cayman Islands with main operations in Taiwan, for approximately $5.6 million in cash. The acquisition will add a significant engineering team to BCD's power management IC research and development team. In addition, the acquisition will expand BCD's rapidly growing DC/DC product portfolio with solutions that can leverage BCD's Fab 2 manufacturing process currently under development."The addition of Auramicro's analog design team and power IC product portfolio will be a great complement to BCD's growing power IC business," said Chieh Chang, CEO of BCD Semiconductor. "We feel our differentiated business model will allow us to continue to take share in the multi-billion dollar power IC market and we are excited to have Auramicro's team join the BCD family."
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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