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.
- MICT Inc (NASDAQ: MICT) plans to raise $54 million from the sale of 19.2 million shares at $2.8 per share in a secondary institutional offering. The arrangement includes 19.2 million warrants to sell 19.2 million shares at the offer price.
- The offer price signifies a 5.4% discount to the Tuesday closing price of $2.96.
- The company had recently raised $60 million in a separate share sale.
- MICT also received the Hong Kong SFC’s (Securities and Futures Commission) approval for the c Huapei Global Securities, Ltd, acquisition to facilitate the trading of securities in Hong Kong, U.S., and China exchanges for its Chinese and Hong Kong clientele.
- MICT’s closing cash balance stood at $18.6 million as of September 30, 2020.
- The stock has gained 40% in the last month.
- Price action: MICT stock was down 21.3% at $2.33 on the last check Wednesday.
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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