August 6, 2012 9:54 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.
SurModics, Inc. (Nasdaq: SRDX), a leading provider of surface modification andin vitro diagnostic technologies to the healthcare industries, today announcedit has commenced a tender offer to purchase up to $55 million of its commonstock through a modified “Dutch auction” tender offer, at a price per sharenot less than $17.00 and not greater than $19.00. On August 3, 2012, the lastreported sale price of SurModics' Common Stock was $17.57 per share, with anaverage closing price of $15.79 over the last three months. If the tenderoffer is fully subscribed, the Company will purchase shares representingapproximately 16.5% to 18.4% of the Company's outstanding shares of commonstock as of July 31, 2012. The tender offer will expire at 5:00 p.m., EasternDaylight Time, on September 5, 2012, unless the offer is extended.
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.