October 11, 2012 10:11 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.
PrivateBancorp, Inc. (NASDAQ: PVTB)today announced that it has commenced an underwritten public offering of $125million in aggregate principal amount of its subordinated debentures due2042. Morgan Stanley and Wells Fargo Securities are acting as jointbook-running managers for the offering. The Company intends to use the anticipated net proceeds from the offering,together with net proceeds from its recently priced underwritten publicoffering of $75 million of its common stock and existing cash resources, toredeem all $243.8 million of preferred stock that the Company issued to theU.S. Department of Treasury under its Troubled Asset Relief Program (TARP)Capital Purchase Program. The redemption of the TARP preferred stock issubject to consummation of the offerings and the approval of the FederalReserve.
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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