May 3, 2012 4:07 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.
TAL International Group, Inc. (NYSE: TAL) announced today a public secondary offering of an aggregate of 5,000,000 shares of common stock by certain selling stockholders of the Company, including affiliated funds of The Jordan Company, L.P., JZ Capital Partners Limited and Edgewater Growth Capital Partners, L.P. The Company will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders in this offering. Assuming all of the 5,000,000 shares are sold in the offering, the selling stockholders aggregate ownership in the Company will decrease from approximately 27% to approximately 12%, with The Jordan Company, L.P. at 9.9%, JZ Capital Partners Limited at 1.1% and Edgewater Growth Capital Partners, L.P. at 1.1%. The selling stockholders have also granted the underwriter an option for 30 days to purchase up to an aggregate of 750,000 additional shares of common stock.
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.