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.
- ODP Corp (NASDAQ:ODP) has entered into a definitive agreement for a sale and partial leaseback of its Boca Raton-based corporate headquarters. The details of the transaction were not disclosed.
- Upon completion of a sale, ODP expects to lease a portion of the building's office space from the new owner.
- The place will also continue to remain as the company's headquarters for a minimum of two years.
- Related: Lyft Joins The Likes Of Amazon To Sublease Offices To Curb Costs: Report
- "This transaction provides us with greater flexibility and lowers our annual operating costs," said CFO Anthony Scaglione.
- As of June 25, 2022, ODP had total available liquidity of $1.4 billion, consisting of $417 million in cash and equivalents and $953 million of available credit. Total debt was $194 million.
- For 2Q22, cash used in operating activities from continuing operations was $(114) million.
- The company plans to provide additional details of the transaction after the closing, which is expected by 2022 end.
- Price Action: ODP shares are trading higher by 0.28% at $35.94 on the last check Wednesday.
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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