June 17, 2013 7:07 AM | 1 min read |
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.
Starboard Value LP (together with its affiliates, "Starboard"), a large shareholder of Smithfield Foods, Inc. (NYSE: SFD) ("Smithfield" or the "Company") with beneficial ownership of approximately 5.7% of the outstanding common stock of the Company, today announced that it has delivered a letter to the Board of Directors of Smithfield (the "Board"), the full text of which is included below.June 17, 2013Members of the Board of Directors of Smithfield Foods, Inc.Smithfield Foods, Inc.200 Commerce StreetSmithfield, Virginia 23430Dear Members of the Board,Starboard Value LP, together with its affiliates ("Starboard"), currently owns securities representing beneficial ownership of approximately 5.7% of Smithfield Foods, Inc. ("Smithfield" or the "Company"). We have been a shareholder of Smithfield since March 2013, several months prior to the announcement on May 29, 2013 that Smithfield and Shuanghui International Holdings Limited ("Shuanghui")
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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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