September 28, 2012 4:17 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.
Kayne Anderson Midstream/Energy Fund (NYSE: KMF) announced today a quarterly distribution of $0.435 per share for the quarter ended August 31, 2012. This distribution represents an increase of 1.2% from the prior quarter's distribution of $0.43 per share and an increase of 6.1% from the distribution for the quarter ended August 31, 2011. The distribution will be payable on October 26, 2012 to common stockholders of record on October 17, 2012, with an ex-dividend date of October 15, 2012. It is anticipated that none of the distribution will be treated as a return of capital for tax purposes. The final determination of such amount will be made in early 2013 when the Fund can determine its earnings and profits. The final tax status of the distribution may differ substantially from this preliminary information.
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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