September 26, 2012 4:17 PM | 29 seconds 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.
Eagle Materials Inc. (NYSE: EXP) (the Company) today announced thecommencement of an underwritten public offering of 3,000,000 shares of itscommon stock. The Company will grant to the underwriters a 30-day option topurchase up to an additional 450,000 shares of its common stock to coveroverallotments, if any. The Company intends to use the net proceeds from thisoffering, together with borrowings under its bank credit facility, to fund itspreviously announced and pending acquisition of certain assets from LafargeNorth America Inc. and certain of its subsidiaries. The Company expects toclose such acquisition in November or December 2012, subject to customaryclosing conditions.
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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