September 24, 2012 9:04 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.
BreitBurn Energy Partners L.P. (the “Partnership”) (NASDAQ: BBEP) announcedtoday that it intends to commence a private offering to eligible purchasers,subject to market and other conditions, of $200 million in aggregate principalamount of senior unsecured notes due 2022 (the “Additional Notes”). TheAdditional Notes are being offered as additional notes to the Partnership'sexisting $250 million in aggregate principal amount of 7.875% Senior Notes due2022 (the “Existing Notes”). The Additional Notes will have identical terms,other than the issue date and initial interest payment date, and willconstitute part of the same series as and be fungible with the Existing Notes.The Partnership intends to use the net proceeds from the proposed offering torepay a portion of its borrowings under its bank credit facility.
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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