October 10, 2013 4:32 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.
Chemtura Corporation (NYSE: CHMT) today announced that it has entered into a stock purchase agreement to sellits Consumer Products business, including dedicated manufacturing plants inthe U.S. and South Africa, to KIK Custom Products Inc. (“KIK”) for $315million in cash at closing subject to certain customary pre- and post-closingadjustments, including for working capital and assumed pension liabilities.The Company also announced today that its board of directors has decided toexplore a sale of the Company's agrochemicals business, ChemturaAgroSolutions.The agreement to sell the Consumer Products business, combined with thedecision to explore a sale of Chemtura AgroSolutions, is aimed at deliveringsubstantial near-term value to shareholders while further focusing the Companyon opportunities to create additional value as a pure-play leader in theglobal development, marketing, manufacture and sale of industrial specialtychemicals.The Company expects to use a substantial portion of the proceeds from the saleof Consumer Products and potential sale of the agrochemicals business toreturn capital to shareholders. The Company will also use proceeds to continueto make important investments to strengthen and enable the continuing growthof the remaining businesses, as well as pay down debt in order to returntowards its long-term stated total leverage target of approximately 2XAdjusted EBITDA.
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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