From Earlier: City National Prices Subordinated Debt Offering - Cyngn (NASDAQ:CYN)

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.

City National Bank, a wholly owned subsidiary of City National Corporation (NYSE: CYN), yesterday priced an offering of $150 million of subordinated debt securities.The securities bear a fixed interest rate of 5.375 percent and will pay interest semi-annually. They will mature on July 15, 2022 and are not redeemable prior to that time.Proceeds from the securities will qualify as Tier 2 capital, and City National intends to use them for general corporate purposes, including to pay off and reduce short-term wholesale deposits and other borrowings.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!