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.
- Synopsys Inc (NASDAQ:SNPS) disclosed an accelerated share repurchase agreement with Mizuho Markets Americas LLC to buyback its shares worth $300 million.
- As per the terms, Synopsys will get total initial share delivery of about 645,000 shares, to be settled by August 11, 2023, upon completion of the repurchases.
- Last week, the company reported Q2 FY23 revenues of $1.395 billion, exceeding the consensus of $1.380 billion and adjusted EPS of $2.54, beating the Street estimate of $2.46.
- Operating cash flow stood at $817.7 million, and cash and cash equivalent was $1.7 billion at the end of the quarter.
- The company expects an operating cash flow of around $1.650 billion at the end of the year.
- Price Action: SNPS shares are trading higher by 11.3% at $440.17 on the last check Thursday.
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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