December 13, 2013 7:50 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.
Leidos Holdings, Inc. (NYSE: LDOS),a national security, health and engineering solutions company, today announcedthat it has entered into an agreement with a financial institution for anaccelerated stock repurchase transaction, whereby the Company will purchase$300 million of its outstanding shares of common stock, with approximately 80%of the shares to be delivered in the near term.The total number of shares ultimately purchased will be based on the shareprice of the Company's common stock over the averaging period set forth in theagreement. The agreement is expected to be complete no later than March of2014.About LeidosLeidos is a science and technology solutions leader working to address some ofthe world's toughest challenges in national security, health, and engineering.The Company's 23,000 employees support vital missions for our government andthe commercial sector, develop innovative solutions to drive better outcomes,and defend our Nation's digital and physical infrastructure from 'new world'threats. Leidos is headquartered in Reston, Va. and had approximately $6billion in revenues for fiscal year 2013, on a pro forma basis, following thespin-off of the company's technical, engineering and enterprise IT business onSept. 27, 2013. For more information, visit www.Leidos.com. Statements in this announcement, other than historical data and information,constitute forward-looking statements that involve risks and uncertainties. Anumber of factors could cause our actual results, performance, achievements,or industry results to be very different from the results, performance, orachievements expressed or implied by such forward-looking statements. Some ofthese factors include, but are not limited to, the risk factors set forth inLeidos' Annual Report on Form 10-K for the period ended January 31, 2013, andother such filings that Leidos makes with the SEC from time to time. Due tosuch uncertainties and risks, readers are cautioned not to place unduereliance on such forward-looking statements, which speak only as of the datehereof.
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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