August 27, 2012 8:38 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.
PEEK Investments LLC today issued thefollowing statement:PEEK has received tenders for a number of shares of LookSmart, Ltd. (Nasdaq: LOOK) which, together with the shares owned by PEEK and its affiliates,represents a majority of the total shares outstanding. Unfortunately forshareholders, LookSmart has reacted by imposing a last-minute "retroactive"poison pill. Notwithstanding LookSmart's last-ditch act of desperation, PEEKhas extended its third-party tender offer to purchase all of the outstandingshares of common stock of LookSmart for $1.00 per share in cash. As extended,the tender offer is currently scheduled to expire at 5:00 P.M., New York Citytime, on September 12, 2012. The tender offer was previously scheduled toexpire at 12:00 midnight, New York City time, on August 24, 2012.
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.
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