November 8, 2012 9:32 PM | 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.
Legacy Reserves LP (NASDAQ: LGCY) today announced that it has priced 8,700,000 units at an offering price to the public of $24.80 per unit in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters have been granted a 30-day option to purchase up to 1,305,000 additional units if the underwriters sell more than 8,700,000 units in the offering. We intend to use the net proceeds of this offering, including the net proceeds from any exercise of the underwriters' option to purchase additional units, to fund a portion of the $520 million purchase price of our pending acquisition of oil and natural gas properties in the Permian Basin from Concho Resources, Inc. Prior to funding the pending acquisition described above, we may use some or all of the net proceeds for general partnership purposes, which may include repayment of outstanding borrowings under our revolving credit facility. The unit offering is scheduled to close on November 15, 2012. Wells Fargo Securities, Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Raymond James, RBC Capital Markets and UBS Investment Bank are acting as
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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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