March 27, 2013 4:09 PM | 2 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.
SJW Corp. (NYSE: SJW) today announced that it has commenced an underwrittenpublic offering of approximately $35,000,000 of its common stock under itsexisting shelf registration statement. The Company also will grant theunderwriter an option to purchase up to an additional fifteen percent (15%)of the amount sold in the offering to cover over-allotments, if any. Theoffering price of the shares and the actual number of shares to be sold willbe determined by market conditions at the time of pricing, in consultationwith the underwriter. Robert W. Baird & Co. Incorporated will serve as the underwriter for theoffering. The Company intends to use the net proceeds from this offering to repay itsshort-term borrowings, fund the construction programs of its water utilityservices and for other general corporate purposes. The securities described above are being offered by the Company pursuant toa "shelf" registration statement (including a prospectus) previously filedwith and declared effective by the Securities and Exchange Commission (SEC)on December 21, 2012. A preliminary prospectus supplement has been filedwith the SEC in connection with the offering, which, together with theaccompanying prospectus, may be obtained by sending a request to Robert W.Baird & Co. Incorporated, 777 East Wisconsin Avenue, Galleria Level,Milwaukee, Wisconsin 53202-5391, or by calling 1-800-792-2413 or email:syndicate@rwbaird.com. Before you invest, you should read the preliminaryprospectus supplement and accompanying prospectus, the registrationstatement and the documents incorporated by reference therein, and the otherdocuments that the Company has filed with the SEC for more completeinformation about the Company and this offering. Investors may obtain thesedocuments for free by visiting the SEC's website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitationof an offer to buy nor shall there be any sale of these securities in anyjurisdiction in which such offer, solicitation or sale would be unlawfulprior to registration or qualification under the securities laws of any suchjurisdiction.
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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