March 14, 2012 1:30 PM | 1 min read
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.
It was revealed on Wednesday that Zynga (NASDAQ: ZNGA) is looking to sell additional shares three months after going public, in an effort to let investors trim their holdings.According to the
New York Times, ZNGA said in a statement that the follow-on offering, with a listed preliminary sales target of $400 million, was intended to “facilitate an orderly distribution of shares and to increase the company's public float.”The social games giant said in a regulatory filing that it would not be receiving any proceeds from the sale. In addition, the new offering will come in advance of the expiration of a 165-day “lock-up” period, in which investors cannot sell.The company has already sold roughly 14%of its outstanding stock in the IPO.Shares in ZNGA initially traded well, but soon started to fall. The stock had a jolt when Facebook announced plans for its own IPO, and is currently up about 42%.The sale will be led by Morgan Stanley and Goldman Sachs with additional underwriters to include Bank of America Merrill Lynch, Barclays Capital, JPMorgan Chase and Allen & Company.
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.
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