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.
Golden Heaven Group Hldgs (NASDAQ:GDHG) opened up its shares for public trading for the first time since it filed for IPO in November 2022. The company agreed to initially offer 1.75 million shares to the public at $4.00 per share. On its first day of trading, the stock rose 0.25% from its opening price of $4.0 to its closing price of $4.01.
Golden Heaven Group Hldgs Performance On First Day of Trading
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About Golden Heaven Group Hldgs and It's IPO
Golden Heaven Group Holdings Ltd. manages and operates six properties consisting of amusement parks, water parks, and complementary recreational facilities.
For its IPO, GDHG agreed to offer 1.75 million shares at a price of $4.00 per share, with an insider lock-up period of 180 days, ending on October 09, 2023.
An insider lock-up period is a period of time after a company first goes public where major shareholders are not allowed to sell their shares. The insider lock-up period makes sure that the market does not get oversupplied with shares of the company.
Traders may short the stock leading up to the lockup-period expiration date in hopes that the price will fall due to an increase in supply of shares. Retail traders should be watching this stock's short interest as it moves closer to lockup expiration.
See also: Benzinga's Most Shorted Stocks
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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.