January 7, 2013 4:37 PM | 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.
Glimcher Realty Trust (NYSE: GRT), one of the country's premier retail REITs,today announced the acquisition of University Park Village, a premier open-aircenter located in Fort Worth, Texas. University Park Village has approximately173,220 square feet of leasable retail space and has tenant sales averagingmore than $800 per square foot. The center is currently 97% occupied andfeatures upscale retailers such as Apple, Anthropologie, J. Crew, lululemonathletica and Madewell.The company purchased the center for $105 million. The company funded theacquisition through a $60 million term loan and with the remaining fundscoming from the company's credit facility. The term loan has an interest rateof LIBOR plus 300 basis points and matures on April 8, 2013. The companyexpects to obtain long-term mortgage financing on the property prior to theterm loan's maturity date, provided market conditions are favorable.
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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