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.
In a slideshow filed with the SEC, IDT (NYSE: IDT) outlined its plan to spin out Straight Path Communications (SPCI). The company plans to distribute one share of SPCI for every two shares of IDT owned by shareholders.
IDT plans to inject the new company with $15 Million in cash upon the spin off and has tasked SPCI management with focusing exclusively on realizing the value of its intangible assets. SPCI intends to distribute not less than 50% of SPCI's consolidated positive net earnings to stockholders after achieving sustained profitability and certain minimum cash reserve levels.
The spin off is expected to be tax free to IDT shareholders and is awaiting both SEC review and NYSE listing approval.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!