October 1, 2013 9:31 PM | 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.
DENVER, Oct. 1, 2013 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company" or "RE/MAX"), one of the world's leading franchisors of real estate brokerage services, today announced the pricing of its initial public offering of 10,000,000 shares of Class A common stock at a public offering price of $22.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of Class A common stock to cover overallotments, if any. Shares of the Company's Class A common stock are expected to begin trading on October 2, 2013 on the New York Stock Exchange under the symbol "RMAX." The net proceeds of the offering are estimated to be approximately $194.2 million after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from the offering to reacquire regional RE/MAX franchise rights in select markets, redeem preferred membership interests and to repurchase ownership stakes from existing shareholders. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are acting as joint book-running managers for the offering. William Blair, RBC Capital Markets and JMP Securities are acting as co-managers for the offering. Perella Weinberg Partners is acting as advisor to RE/MAX.
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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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