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.
Intuit Inc (NASDAQ:INTU) is trading lower Tuesday after the company announced the pricing of a secondary offering of 1,548,700 shares of common stock.
The shares are being offered by certain entities affiliated with Dan Kurzius, co-founder of Mailchimp. The 1,548,700 shares are being offered at a public offering price of $668.95 per share.
The shares are being sold in order to satisfy certain tax obligations and for estate planning purposes. The selling stockholder will receive all of the net proceeds from the offering. The company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.
From Last Week: Palo Alto Networks and Intuit Keeping the Nasdaq in the Black
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax) and professional tax offerings (Lacerte).
INTU Price Action: Intuit has traded as high as $716.86 and as low as $348.13 over a 52-week period.
The stock was down 3.55% at $669.84 at time of publication.
Photo: Mike Mozart from Flickr.
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.
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!