Synopsis Expedites $100M Share Buyback Agreement


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.


  • Synopsys Inc (NASDAQ: SNPSinked an accelerated share repurchase agreement with Mizuho Markets Americas LLC to buy back $100 million of Synopsys shares.
  • Synopsys will receive an aggregate initial share delivery of 315,000 shares, with any remainder settlement by May 14 under the arrangement.
  • The share buyback will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, minus discount.
  • Synopsys held cash and equivalent of $1.02 billion as of Jan. 31, 2021.
  • Price action: SNPS shares traded higher by 1.27% at $257.47 on the last check Monday.

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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Posted In: NewsBuybacksTechMedia