DRI Corporation Announces Plans to Sell Operations Under Section 363 of Chapter 11 of the Bankruptcy Code

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.

DRI Corporation (TBUS) announced Sunday that it has filed in Eastern District of North Carolina Bankruptcy Court for sale of its assets and operations under Section 363 of Chapter 11 of the U.S. Bankruptcy Code.As previously announced in a press release dated April 15, 2011, DRI Corporation's Board of Directors formed a Special Committee to consider and evaluate the Company's strategic alternatives. The Special Committee, which retained the investment banking firm of Morgan Keegan & Company, oversees this process on behalf of the Company's Board of Directors and shareholders.

27% profit every 20 days?

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!