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.
Hertz Global Holdings, Inc. (NYSE: HTZ) opened sharply higher after the company said Chairman and Chief Executive Mark P. Frissora resigned for what it described as "personal reasons."
Naples, Florida.-based Hertz named Brian P. MacDonal interim chief executive and said it launched a search for Frissora's permanent replacement. Hertz also named independent board member Linda Fayne Levinson chairwoman.
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Activist investor Carl Ichan holds an 8.48 percent stake in Hertz and disclosed last month he wanted talks with its management about "operational failures and under-performance relative to its peers," as well as Icahn's "lack of confidence in management."
The company has delayed the release of at least the past two quarterly reports and said it will restate results from 2011 because of accounting issues.
MacDonal has served as chief executive of the company's Hertz Equipment Rental Corp. since June 2014. Hertz announced plans in March to spin off the unit.
The 58-year-old Frissora served as Hertz chairman since 2007, and as chief executive since July 2006.
Hertz traded recently at $28.69, up 0.8 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.