November 13, 2012 7:28 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.
AK Steel (NYSE: AKS) announced that it has commenced a registered offering of 25,000,000 shares of its common stock. In connection with this offering, AK Holding has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock. AK Holding intends to use the net proceeds from the sale of the common stock to repay borrowings under its asset-backed revolving credit facility and for general corporate purposes. The offering is being made pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission (the "SEC").Concurrently with this offering of shares of its common stock, its subsidiary, AK Steel Corporation ("AK Steel"), has commenced a registered offering of $125 million aggregate principal amount of exchangeable senior notes due 2019.The joint book-running managers for the offering are J.P. Morgan, Credit Suisse, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and Goldman, Sachs & Co. AK Holding and AK Steel have filed a registration statement (including a prospectus) with the SEC relating to the offering. The offering may be made only by means of a prospectus supplement and the accompanying prospectus.
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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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