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.
Shares in dELiA*s (NASDAQ: DLIA) bounced nearly 11 percent after a regulatory filing revealed that investor Leon Cooperman had acquired an 11.4 percent stake.
In the filing, Cooperman, who is chairman of Omega Advisors, said he didn't propose "changing or influencing the control" of teenage apparel retailer.
The company obtained shareholder approval last week to use $24.1 million in proceeds of a note placement for general corporate purposes, and also to boost the number of authorized shares.
DELia*s fiscal 2014 net loss widened to $52.6 million from $20.75 a year earlier. Revenue fell $136.5 million, from $222.7 million in 2013.
Shares traded recently at $0.87 per share, up 10.15 percent.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!