June 4, 2012 7:20 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Fenway Partners, a leading middle market private equity firm, today announced that it has entered into an agreement to sell 1-800 CONTACTS to WellPoint, Inc. (NYSE: WLP). Terms of the transaction were not disclosed. Peter Lamm, Co-Founder and Managing Partner of Fenway Partners, said, “We are very pleased with the outcome of our investment in 1-800 CONTACTS. Fenway has a long track record of successfully investing in and building branded consumer products companies, including Easton-Bell Sports and American Achievement as well as a prior successful investment in the luxury brand, Harry Winston. Fenway's experience with 1-800 CONTACTS is an instructive example of private equity partnering with management to create a better business – growing revenues, increasing domestic employment and payrolls, improving the customer value proposition and making significant investments in the future. We are delighted to have made such a positive impact on this company and that our Fenway Partners Fund investors will realize an attractive rate of return and an impressive multiple of capital.”
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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