July 29, 2013 7:33 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.
AmTrust Financial Services, Inc.(Nasdaq: AFSI) ("the Company") announced today that one of its wholly-ownedsubsidiaries has entered into an agreement to acquire Sagicor Europe Limitedand its wholly-owned subsidiaries (SEL), including Sagicor at Lloyd's Limited,from Sagicor Financial Corporation for approximately £56 million, which is £15million above SEL's net asset value as of December 31, 2012. The Companyexpects to fund the purchase using existing working capital. Sagicor ofLloyd's Limited, is a managing agency and owner of Lloyd's property/casualtyinsurance syndicate 1206 with stamp capacity of £200 million and Lloyd's lifeinsurance syndicate 44 with stamp capacity of £7 million. In addition, SELincludes a Cayman Islands domiciled reinsurance entity. The transaction isexpected to close in the fourth quarter of 2013, pending regulatory and othernecessary approvals.
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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