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.
- SAS AB (OTC:SASDY) has entered into a debtor-in-possession (DIP) financing credit agreement for $700 million with Apollo Global Management, Inc. (NYSE:APO).
- DIP financing is a specialized type of bridge financing used by businesses that are restructuring through a chapter 11 process.
- SAS filed for bankruptcy protection in July to cut its debt burden.
- Related: Pilot Strike Forces SAS To File For Chapter 11 Bankruptcy In US
- The DIP financing, along with cash generated from the company’s ongoing operations, will enable SAS to continue meeting its obligations throughout the chapter 11 process.
- “With their substantial financing commitment, we can now focus entirely on accelerating the implementation of our SAS FORWARD plan, and to continue our more than 75-year legacy of being the leading airline in Scandinavia,” said board chairman Carsten Dilling.
- Photo Via Company
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.
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!