What's Going On With Viper Energy Stock?


27% profits every 20 days?

This is what Nic Chahine averages with his options 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.


Viper Energy Inc (NASDAQ:VNOM) shares are trading lower Tuesday after the company announced a secondary offering.

What Happened: Viper priced an underwritten public offering of 9,018,760 shares by certain selling stockholders for gross proceeds of approximately $264 million. Viper Energy will not receive any of the proceeds from the offering. 

Viper Energy also agreed to purchase 1 million shares from the underwriter being sold as part of the secondary offering. 

Viper Energy owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin.

See Also: US Inflation Eases More Than Expected In October, Cements Expectations For End Of Interest Rate Hikes

VNOM Price Action: Viper Energy shares were down 4.54% at $29.86 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.


27% profits every 20 days?

This is what Nic Chahine averages with his options 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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