Chatham Buys Courtyard by Marriott Houston Medical Center for $34.75M

by Benzinga Staff
February 6, 2013 9:01 AM | 15 seconds read | Make a Comment

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.

Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust(REIT) focused on upscale extended-stay hotels and premium- branded,select-service hotels, today announced that it has acquired the three-year-oldCourtyard by Marriott Houston Medical Center hotel in Houston, Texas for$34.75 million. The company funded the acquisition under its secured revolvingcredit facility.

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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