January 7, 2013 8:44 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.
Equity Residential (NYSE: EQR) today announced that the company has enteredinto an agreement to sell a portfolio of assets to a joint venture of the RealEstate Principal Investment Area of Goldman, Sachs & Co. and Greystar RealEstate Partners LLC for $1.5 billion. The transaction values the 27 propertiesat approximately $187,000 per apartment unit and a capitalization rate in themid to high 5% range. Per the agreement, Equity Residential has granted thebuyer the right to exclude up to 8% of the value of these assets from theirpurchase. As a result, Goldman Sachs and Greystar have the contractual rightto acquire all of the assets for $1.5 billion but are obligated to purchasenot less than $1.38 billion of assets. The buyers have deposited $150 millionin escrow and have waived their due diligence contingency. The transaction isexpected to be completed in two separate closings, both of which will occur inthe first quarter of 2013.
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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