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.
Media and entertainment company Entercom Communications Corp’s (NYSE: ETM) subsidiary Entercom Media Corp priced $540 million in 6.75% senior secured second-lien notes due 2029 in an upsized private institutional offering.
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- The offering size was upsized from the previously announced $500 million.
- The sale of the notes is expected to close on March 25, 2021.
- The offering proceeds would be utilized to repay its 7.25% senior notes due 2024 and partially repay its senior secured credit facility.
- Entercom’s total long-term debt balance was $1.7 billion as of December 31, 2020
- Price action: ETM stock was down 2.02% at $6.07 on the last check Friday.
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.