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.
- Video delivery platforms provider SeaChange International Inc (NASDAQ: SEAC) priced 10.3 million shares at $1.85 per share to raise $19.1 million in gross proceeds in a secondary public offering.
- The offer price signifies an 11% discount to the company’s Monday closing price of $2.08.
- The underwriter can purchase additional shares equivalent to 15% of the offering size under a 45-day option.
- The company will utilize the offering proceeds for general corporate purposes, working capital, potential acquisitions, and other business opportunities.
- The company held cash and cash equivalents of $5.1 million as of Oct. 31, 2020.
- SeaChange’s stock has gained 137% in the last six months.
- Price action: SEAC shares traded lower by 27.9% at $1.50 on the last check Tuesday.
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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