August 20, 2012 9:24 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.
SandRidge Energy, Inc. (NYSE: SD) today announced that it has received, as of 5:00 p.m., NewYork City time, on August 17, 2012, tenders andconsents from holders of 94.26% of the aggregate principal amount of itsSenior Floating Rate Notes due 2014 (the "Notes"), representing $329.9 millionof the Notes, in connection with its previously announced cash tender offerfor the Notes and related solicitation of consents to certain proposedamendments to the indenture governing the Notes, as reported to the Company bythe depositary for the tender offer. The tender offer commenced on August 6,2012 and is described in the Offer to Purchase and Consent SolicitationStatement dated August 6, 2012.
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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