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.
Rocket Companies (NYSE:RKT) made its public debut Thursday morning, opening at $18 after being priced at $18.
The company listed its shares on the NYSE under the ticker symbol RKT. Underwriters for the IPO includes Goldman Sachs, Morgan Stanley and Credit Suisse.
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This highly-anticipated debut comes after the IPO market cooled down since the spring. Last month, Rocket Companies said it had planned to raise as much as $3.8 billion by selling 150 million shares at a target offering price range of between $20 and $22.
The IPO's proceeds will be used to finance business purchases and stock from Rocket's existing holding company, Rock Holdings Inc., owned by founder and majority shareholder Dan Gilbert.
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Quicken Loans Chairman Dan Gilbert. Photo by Emily Elconin.
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.