January 11, 2013 2:27 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.
Brocade (NASDAQ: BRCD)today announced that a San Jose federal court confirmed a $60 milliondamages verdict against A10 Networks and entered an order permanentlyenjoining A10 from infringing on Brocade's patents involvingtechnologies for Global Server Load Balancing and High Availability.The Court enjoined A10 from "making, using, selling, or offering tosell in the United States, or importing into the United States any AXseries application delivery controller that includes features thatinfringe" on these asserted claims. Further, A10 has been ordered to "notify all distributors, customers,or third-parties who have ordered, received, or purchased any AX series application delivery controller from A10 or any affiliatedentity" about the issuance of this order within 10 business days. On Aug. 6, 2012, a jury in the case of Brocade v. A10 Networks foundfor Brocade on four claims of patent infringement involvingtechnologies for Global Server Load Balancing and High Availabilityand found that the A10 AX Series line of load balancers infringe onthese specific patents. In addition, the jury found A10 liable for: -- Direct copying of proprietary Brocade code used in Brocade's ServerIron products for use in A10 products.-- Misappropriation of four trade secrets involving techniques used in the Brocade ServerIron products that A10 applied for use in its AX series.-- Unfair competition based on interference with the contract of an engineer while he was employed at Foundry Networks, which Brocade acquired in late 2008.The Court confirmed all liability findings by the jury against A10 andconfirmed the $60 million in damages for copyright infringement. TheCourt further confirmed that there was sufficient evidence againstA10 to award another $50 million in lost profits damages on thepatent claims. In order to clarify the amount of additional damagesthat A10 will be liable for, the Court has granted a new trial todetermine only the amounts of patent and punitive damages.
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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