March 8, 2012 4:01 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.
Plantronics, Inc. (NYSE: PLT) today announced that it has completed its previous 7,000,000 share repurchase authorization announced in May 2011 and has authorized an additional 1,000,000 shares to be repurchased. We have repurchased approximately 7,700,000 shares to date during our current fiscal year. By the end of our current fiscal year on March 31, 2012, we expect to take delivery of approximately 350,000 shares under a previously authorized accelerated stock repurchase plan (“ASR”) which will then bring total repurchases to approximately 8,000,000 shares for the fiscal year. The exact quantity of shares to be delivered under the previously authorized ASR will be based generally on the daily volume-weighted average price of Plantronics' common stock during its term. Under the new 1,000,000 share repurchase authorization, we may from time to time purchase shares of our common stock, depending upon market conditions, in open market or privately negotiated transactions including ASRs.
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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