April 17, 2012 8:06 AM | 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.
BorgWarner (NYSE: BWA) today announced that it has successfully settled all conversions of its 3.50% Convertible Senior Notes due 2012 (the "Notes"). The company delivered approximately 11.4 million shares of its common stock, previously held in Treasury, to converting Noteholders, which is equivalent to the aggregate amount of Notes converted, or approximately $374 million, divided by $1,000, and multiplied by a conversion rate of 30.4706. As a result of this settlement activity, the company's balance sheet debt was reduced, and its stockholders' equity increased, by approximately $374 million, the impact of which will be seen in the company's second quarter financial statements.
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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