27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Motus GI Holdings Inc (NASDAQ:MOTS) has initiated a process to explore a range of strategic and financing alternatives. As part of this process, the company has engaged Lake Street Capital Markets LLC as an advisor.
- In addition, the board has approved a strategic restructuring program to preserve capital by initially reducing quarterly operating costs by approximately 35%.
- Motus plans to eliminate approximately 45% of its workforce, which is expected to be completed during the first quarter of 2023, to reduce the company's cash burn.
- The company expects to incur a non-recurring charge of approximately $1.0 to 2.0 million in Q1 of 2023 related to the restructuring.
- The planned restructuring is intended to position the company to explore all strategic alternatives, continue supporting its existing customers utilizing Pure-Vu EVS for colonoscopies, and target pipeline opportunities with contracted health systems.
- The company reported $13.3 million in cash and cash equivalents as of September 30, 2022, and is anticipated to meet operational needs through the second quarter of 2023.
- Price Action: MOTS shares are down 6.20% at $0.94 on the last check Tuesday.
- Photo Via Company
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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