April 2, 2013 6:11 AM | 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.
OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. (NASDAQ: MHGC) with 13.9% of the outstanding common stock of the company, today commented on Morgans' agreements with The Yucaipa Companies. As the largest shareholder of Morgans, OTK Associates is deeply concerned by the company's announcement of a material transaction with an insider and major creditor during an ongoing proxy process. OTK Associates questions whether the board's special committee has appropriately considered, in earnest,alternatives to consummating yet another ill-timed transaction with an interested party,especially given that two of Morgans' directors have a significant financial interest in the transaction. Furthermore, the attempt
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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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