September 11, 2012 9:18 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.
Lucas Energy (NYSE: LEI) todayannounced that it has undertaken a registered offering to certaininstitutional investors to raise up to $1.32 million in gross proceeds fromthe sale of 800,000 units at a price of $1.65 per unit. Each unit consists ofone share of the Company's common stock and 0.25 of a warrant to purchase oneshare of the Company's common stock. Each warrant can be exercised topurchase one share of the Company's common stock at an exercise price of $2.00per share at any time during the one-year period following the closing of theoffering. It is anticipated that a total of 800,000 shares and 200,000warrants will be sold in connection with the offering. The Company plans touse the proceeds from the offering to pay down expenses related to drilling,lease operating, and workover activities and for general corporate purposes,including general and administrative expenses.
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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