Pentair Announces Additional $800M Share Repurchase Authorization

by Benzinga Staff
October 1, 2012 4:41 PM | 17 seconds read | Make a Comment

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.

Pentair (NYSE: PNR) today announced that its board authorized a share repurchase program of $800 million, which will expire on December 31, 2015. The $800 million authorization is in addition to the $400 million authorization announced on September 28, 2012, and the aggregate $1.2 billion share repurchase authorization is consistent with the March, 2012 merger announcement.

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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