February 26, 2013 2:41 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.
Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” orthe “Company”) announced today that its new gaming platform, MForce^™, hasreceived final approval from the Nevada Gaming Commission, representing a keymilestone in the Company's entry into Nevada, the country's largest gamingmarket. The approval of the MForce operating system and two video slot machinetitles follows two successful technical field trials at the MGM Grand Hoteland Casino and The Orleans Hotel and Casino in Las Vegas.With the approval from the Nevada Gaming Commission, Multimedia Games canimmediately begin performance field trials with any casino operators in Nevadathat run either the IGT Advantage or Bally ACSC slot management systems. TheCompany expects to record initial unit sales and recurring revenue placementsin the second half of fiscal 2013 and plans to submit eight additional videotitles in the next several weeks for approval, which the Company expects toreceive in its fiscal third quarter.Multimedia Games also plans to commence additional technical field trials ofits MForce platform and game titles in the state in the coming weeks. Thesetechnical trials will be with casino operators that use the Bally SDS systemand Aristocrat Oasis system.
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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