Magnum Hunter Announces Pricing of Preferred Offering

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.

Magnum Hunter Resources (NYSE: MHR) announced today that it has priced an underwritten publicoffering of depositary shares ("Depositary Shares"), eachrepresenting a 1/1,000th interest in a share of its 8% Series ECumulative Convertible Preferred Stock (with a liquidation preferenceof $25,000 per share, which is equivalent to $25 per DepositaryShare) (the "Series E Preferred Stock"). The Company is offering1,000,000 Depositary Shares at a public offering price of $23.50 pershare. In connection with the offering, UBS Investment Bank, MLV &Co. LLC and Wunderlich Securities, Inc. have acted as joint bookrunning managers.

27% profit every 20 days?

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