October 26, 2012 7:15 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.
Prospect Global Resources (NASDAQ: PGRX) announced today that it will offer 30 million shares of common stock in a public offering.The Company intends to grant the underwriters a 30-day option to purchase up to 4.5 million additional shares of common stock to cover over-allotments, if any.The Company intends to use the net proceeds from this offering (i) to finance the final step in preparation for a final bankable feasibility study due in the first half of 2013, including an in-field drilling program, (ii) to fund a portion of debt payments due to The Karlsson Group Inc. in connection with the closing of the Company's acquisition of The Karlsson Group Inc.'s 50% interest in American West Potash LLC, and (iii) for mine planning, permitting, engineering activities, an environmental study, and general corporate purposes.Dahlman Rose & Company, LLC, and Macquarie Capital (USA) Inc. are acting as joint book-running managers for the offering. Roth Capital Partners, LLC and Sterne, Agee & Leach, Inc. are acting as joint lead managers. The offering is being made by way of a shelf registration statement which has been declared effective by the Securities and Exchange Commission ("SEC"). A copy of the
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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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