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.
- Clearfield, Inc (NASDAQ:CLFD) priced 1.2 million shares at $100 per share in an upsized secondary offering.
- The offering price implies a 9.4% discount on Clearfield's December 6 closing price of $110.37.
- The expected gross proceeds are $120 million. Clearfield upsized the offering from the previously planned $100 million offering.
- The underwriters have a 30-day option to purchase up to 180,000 shares.
- The offering proceeds will serve working capital and general corporate purposes.
- Clearfield held $22.5 million in cash and equivalents as of September 30.
- Clearfield reported fourth-quarter net sales growth of 110% year-on-year to $95 million, beating the consensus of $71.4 million.
- Clearfield's organic revenue grew to $88 million, representing an increase of 94%, while Nestor Cables generated $7 million in revenue.
- EPS of $1.22 beat the consensus of $0.86.
- Price Action: CLFD shares traded lower by 5.42% at $104.39 in the premarket on the last check Wednesday.
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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