27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Castor Maritime Inc (NASDAQ:CTRM) has agreed, through a subsidiary, to acquire a 2008 Japanese-built Panamax dry bulk carrier from an unaffiliated third party for a purchase price of $18.75 million.
- The delivery of the vessel is expected in 4Q21.
- The company expects to fund the vessel acquisition with cash on hand and cash flows generated from operations.
- Castor Maritime held cash and equivalents of $42.7 million as of June 30, 2021.
- Additionally, the M/V Magic Perseus has been fixed on a time charter contract starting August 20, 2021, at a daily gross charter rate of $35,000 and with a term of about 100 days.
- The M/V Magic Thunder has been fixed on a time charter contract starting August 3, 2021, at a daily gross charter rate of $35,000 and with a term of about 100 days.
- Price Action: CTRM shares are trading higher by 2.85% at $2.16 on the last check Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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!