February 3, 2012 8:38 AM | 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.
BreitBurn Energy Partners L.P. (NASDAQ: BBEP) announced today the pricing of its public offering of 8,000,000 common units representing limited partner interests at a price to the public of $18.80 per unit. The Partnership has granted to the underwriters a 30-day option to purchase up to an additional 1,200,000 common units from the Partnership. The offering is expected to close on February 8, 2012, subject to customary closing conditions. The Partnership expects to receive net proceeds of approximately $144.2 million (or approximately $165.9 million if the underwriters exercise their option to purchase an additional 1,200,000 common units) from the offering and intends to use the proceeds to reduce borrowings under its bank credit facility.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.