June 13, 2012 7:02 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.
United Technologies Corp. (NYSE: UTX) announced that it has successfully priced its offering of equity units. Net proceeds of the offering are expected to be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation.UTC has priced its offering of 20 million equity units with a stated amount of $50 per unit, for an aggregate amount of $1.00 billion. The equity units carry a total annual distribution rate of 7.50 percent. The reference price for the equity units is $74.35 per share. The threshold appreciation price for the equity units is $98.51 per share, which represents a premium of about 32.50 percent over the reference price.UTC has granted the underwriters an option to purchase during the 13-day period beginning on, and including, the initial issuance date of the equity units up to 2 million additional equity units, or an additional aggregate stated amount of $100 million.
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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