September 19, 2012 5:01 PM | 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.
Genie Energy (NYSE: GNE) announced that the expiration date for itspending exchange offer of up to 8,750,000 shares of Class B Common Stock forshares of Series 2012-A Preferred Stock on a one for one basis, has beenextended to Wednesday, October 10, 2012 at 5:00 p.m., New York City time. Onthe expiration date, all validly tendered shares of Genie Class B Common Stocknot previously withdrawn will be accepted for exchange pursuant to the termsof the exchange offer.Genie also announced that it filed an amended Schedule TO, including a revisedOffer to Exchange disclosure document, to address comments received from theStaff of the Securities and Exchange Commission, and other clarifications tothe disclosure that will be sent to holders of its Class B Common Stock. Therevised Offer to Exchange can also be obtained free of charge from theSecurities and Exchange Commission at its website (www.sec.gov), upon requestto Genie Energy Ltd., 550 Broad Street, Newark, New Jersey 07102, Attention:Bill Ulrey, Vice President-Investor Relations and External Affairs, Telephone:(973) 438-3838 or by sending an email to invest@genie.com and through theinvestor's page of the Company's website at www.genie.com/investors.
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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