April 26, 2013 9:42 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.
DoubleLine Income Solutions Fund(NYSE: DSL) has completed an initial public offering of common shares listedon the New York Stock Exchange, Fund adviser DoubleLine Capital LP("DoubleLine") announced today. Organized as a non-diversified, closed-endmanagement investment company, the Fund trades under the symbol DSL.The Fund raised approximately $2.3 billion in proceeds (before deduction ofthe sales load and offering expenses and exclusive of the underwriters'overallotment option) in the offering of 92 million common shares at $25 pershare. The Fund has granted the underwriters an option to purchase additionalcommon shares at the public offering price less the sales load within 45 daysof the date of prospectus, solely to cover overallotments, if any.As of April 25, 2013, the $2.3 billion capital raise represents one of thelargest IPOs for any closed-end bond fund in the U.S.
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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