Fox Business Network: Raj Rajaratnam's Legal Team Will Appeal $92 Million Fine

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.

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that “Raj Rajaratnam's legal team will appeal the $92 million fine” he's been ordered to pay. Gasparino reports, “They will argue it by saying he's worth far less than estimated $1 billion.” Excerpts from the report are below, courtesy of Fox Business Network.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

On Raj Rajaratnam's $92 million penalty:

“Raj Rajaratnam's legal team will appeal the $92 million fine. They will argue it by saying he's worth far less than estimated $1 billion and that he was never a billionaire and the estimates of his net worth were wrong.”