March 27, 2012 2:54 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.
Live Nation Entertainment, Inc. (NYSE: LYV) was recently granted summary judgment in the first two cases that are part of the Live Concert Antitrust Litigation, a set of class action lawsuits originally commenced in 2002 and later consolidated in the U.S. District Court for the Central District of California. While the order relates specifically to those two cases, Live Nation fully anticipates that the result ultimately will be applied to the remaining cases as well, effectively ending the litigation. "We are extremely pleased with the judge's ruling in these cases, which validates our long-standing belief that they are without merit," said Michael Rapino, Chief Executive Officer of Live Nation Entertainment. "We've spent a considerable amount of time and money to prove that we're right in this litigation. We refused to be held hostage by frivolous class action lawsuits, and now we've been vindicated. At this point, we're looking forward to putting these lawsuits behind us and continuing to focus on innovating the live music experience for artists and fans."
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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