April 12, 2012 3:07 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.
International Lease Finance Corporation (ILFC), a wholly owned subsidiary ofAmerican International Group, Inc. (NYSE: AIG), announced today that it hasclosed a new $550 million senior secured term loan. The loan will bearinterest at LIBOR plus 3.75% per annum with a LIBOR floor of 1.0%, and ispriced at 99.5% of par value. It will be secured primarily by a firstpriority perfected lien on the equity of certain of the Company'ssubsidiaries that directly or indirectly own a pool of aircraft and relatedleases. ILFC used the proceeds to prepay in full and at par its $550 million seniorsecured loan originally scheduled to mature on March 17, 2016, which boreinterest at LIBOR plus 5.0% per annum with a LIBOR floor of 2.0% and waspriced at 98% of par value.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.