June 10, 2011 8:47 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.
Gasco Energy (NYSE: GSX) today announced that it has priced an underwritten public offering of 25,000,000 units at a price to the public of $0.24 per unit, for gross proceeds of $6.0 million. Each unit consists of (i) one share of common stock and (ii) one warrant to purchase 0.75 of a share of common stock. The shares of common stock and warrants are immediately separable and will be issued separately such that no units will be issued or certificated. The warrants are exercisable immediately upon issuance, having a sixty-month term and an exercise price of $0.35 per share. The net proceeds to Gasco from this offering are expected to be approximately $5.3 million, after deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on or about June 15, 2011, subject to customary closing conditions. Lazard Capital Markets LLC is acting as sole book-running manager for the offering.
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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