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.
- Golden Ocean Group Ltd (NASDAQ:GOGL) said it has agreed to acquire six modern 208,000 deadweight tons (dwt) vessels equipped with exhaust gas cleaning systems for $291 million.
- The newly-acquired vessels will be chartered back to their former owner, an unrelated third party, for about 36 months at an average daily time charter equivalent rate of approximately $21,000 net.
- The acquisition will be financed by a new $233 million credit facility, which will be secured by the newly-acquired vessels and two unencumbered vessels, and cash on hand.
- "This acquisition cements our position as the largest owner of modern Capesize vessels," said Ulrik Andersen, CEO of Golden Ocean Management AS.
- "It also increases our fleet's fuel efficiency and reduces its emissions profile as we continue to make progress toward our 2030 emission-reduction target of 30%."
- The company held $132.3 million in cash and equivalents as of Sept. 30, 2022.
- Price Action: GOGL shares are trading lower by 1.95% at $9.54 in premarket on the last check Monday.
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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