September 24, 2012 3:58 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.
Frontier Communications Corporation (NASDAQ: FTR) announced today that it has priced an upsized registered offering of $250 million aggregate principal amount of 7.125% senior notes due 2023 (the “Notes”). The size of the offering was increased to $250 million from the previously announced $200 million. The Notes are an additional issuance of and will be fully fungible and form a single series voting together as one class with the $600,000,000 of 7.125% Senior Notes due 2023 issued on August 15, 2012. The Notes will be issued at a price of 104.25% of their principal amount (equating to an effective yield to maturity of 6.55%), plus accrued interest from August 15, 2012. Frontier will use the net proceeds from the sale of the Notes to repurchase or retire its existing indebtedness or for general corporate purposes.
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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