September 4, 2013 10:12 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.
Newcastle Investment Corp. (NYSE: NCT)(“Newcastle” or the “Company”) announcedtoday that it has acquired Dow Jones Local Media Group (“Local Media Group”)from News Corp for $87 million. The Company made a total equity investment of$54 million, including transaction expenses, and financed the remainder of thepurchase price with $33 million of debt.Local Media Group operates 33 local publications, including 8 daily and 15weekly newspapers, in 7 states. Many of these publications have been providingvital local content to their communities for over 75 years.The Local Media Group operations will be managed by GateHouse Media, Inc.(“GateHouse”), one of the largest publishers of locally based print and onlinemedia in the United States with a portfolio of products that includes over 400community publications and approximately 350 related websites. GateHouse is anaffiliate of Fortress Investment Group, Newcastle's manager.
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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