June 5, 2012 7:01 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.
Zep Inc. (NYSE: ZEP) today announced that a wholly owned subsidiary of Zep Inc. completed the purchase of all of the shares of Mykal Industries Limited, effective June 1, 2012, for an undisclosed price. Mykal, based in the United Kingdom, is a leading manufacturer of a broad range of branded and private label cleaning and degreasing products for the European retail, do-it-yourself and professional distribution markets. Zep Inc. purchased Mykal using cash on hand, and the Company will recognize related acquisition costs during the third and fourth quarters of its fiscal year 2012, and is expected to be accretive in fiscal year 2013. Sales for Mykal in calendar year 2011 were £4.5 million, or approximately USD $7 million. Mykal will become an integrated part of the Zep Europe operation.
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.