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.
Activist investor Vintage Capital is making some demands of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), saying, “the board should immediately commence a comprehensive review of strategic alternatives.”
Red Robin’s stock is down 51% over the past year amid mounting sales and profitability challenges.
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An amended 13D filing from Vintage Capital shows a 11.6% stake in the restaurant chain. The activist investor said “subject to confirmatory due diligence, we would be prepared to bid $40.00 per share in the auction process to acquire 100% of the company in an all-cash transaction.”
Red Robin shares traded higher by 26.6% to $32.25 in Thursday's pre-market session.
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Photo by Cbraccialini/Wikimedia.
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.