August 29, 2012 9:03 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.
Bassett Furniture Industries,Inc. (Nasdaq: BSET), today announced that its Board of Directors has declared aspecial dividend of $1.25 per share of common stock outstanding payable onOctober 26, 2012 to holders of record on October 12, 2012.For the past two quarters Bassett has paid a quarterly dividend toshareholders of $0.05 per share. And, as previously announced, the Company'sthird quarter dividend will be paid later this week at the $0.05 per sharelevel. Previously this year, on January 3, 2012, shareholders received aspecial dividend of $0.50 per share. Today's announcement of the latestspecial dividend means that by the end of October, Bassett will have paidshareholders $1.995 per share since the sale of its interest in theInternational Home Furnishings Center in May 2011, totaling approximately$22,000,000. Furthermore, the Company has continued to repurchase its sharesin the open market. Counting shares that have been acquired in its thirdquarter, Bassett has repurchased 887,195 shares since the beginning of2011. Going forward, the Company is able to repurchase an additional$14,800,000 of stock under the currently authorized plan.
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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