October 24, 2012 9:55 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.
Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (the “Company”) announcedtoday that its wholly-owned subsidiary, Nexstar Broadcasting, Inc. (“NexstarBroadcasting”), intends to offer, subject to market and other customaryconditions, up to $200.0 million in aggregate principal amount of new seniornotes due 2020 (the “notes”) in a private offering. The Notes will be seniorunsecured obligations of Nexstar Broadcasting and will be guaranteed by theCompany and Mission Broadcasting Inc. (“Mission”).Nexstar Broadcasting intends to use the net proceeds from the proposedoffering to repurchase all of its outstanding 7% Senior Subordinated Notes due2014 and its 7% Senior Subordinated PIK Notes due 2014, refinance a portion ofits existing senior secured credit facilities and pay related fees andexpenses.
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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