December 8, 2011 5:51 PM | 1 min read |
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.
On May 31, 2011, Equity LifeStyle Properties, Inc. (NYSE: ELS), through itsoperating partnership, entered into purchase andother agreements to acquire a portfolio of 75 manufactured home communitiesand one RV resort (the “Acquisition Properties”) containing 31,167 sites onapproximately 6,500 acres located in 16 states (primarily located in Floridaand the northeastern region of the United States) and certain manufacturedhomes and loans secured by manufactured homes located at the AcquisitionProperties for a stated purchase price of $1.43 billion.The Company closed on seven of the Acquisition Properties today along withcertain manufactured homes and loans secured by manufactured homes located atsuch Acquisition Properties for a stated purchase price of approximately $99million. The purchase price in connection with this closing was funded with:the assumption of approximately $55 million of mortgage debt secured bythe Acquisition Properties acquired today and approximately $44 millionof cash. The cash was obtained from the proceeds of the previously announced$200 million of financings originated during the quarter ended September 30,2011.
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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