September 19, 2014 7:03 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.
Penn National Gaming, Inc. (PENN: Nasdaq) ("Penn National Gaming" or the"Company") announced today that its Board of Directors has, subject tocustomary regulatory approvals, appointed the Company's Chief ExecutiveOfficer, Timothy J. Wilmott, to the Board effective immediately. Mr.Wilmott's appointment will expand the size of the Board to seven members,five of whom satisfy the standards for director independence under thecurrent Listing Rules of the NASDAQ Stock Market. Tim Wilmott joined Penn National Gaming in February 2008 as President andChief Operating Officer and was named Chief Executive Officer in November2013. Mr. Wilmott had served at Harrah's Entertainment (now CaesarsEntertainment Corporation) since 1987 and was Chief Operating Officer atHarrah's for approximately four years. In this position, he oversaw theoperations of all of Harrah's revenue-generating businesses, including 48casinos, 38,000 hotel rooms and 300 restaurants. Peter M. Carlino, Chairman of Penn National Gaming, commented, "Sincejoining the Company in 2008, Tim has been steadfast in diversifying ouroperations in a return focused manner while fostering our employees'commitment to deliver quality guest services across the property portfolio.In addition, in the eleven months since we separated the Company's realestate assets from our operating assets, Tim has built formidable corporateand operating management teams that have consistently delivered strongmargins from existing operations, successfully opened new facilities anddeveloped exciting expansion opportunities in new markets, including Ohio,Massachusetts and California. The Board has great confidence in Tim and welook forward to his contributions as we leverage the Company's diversifiedregional presence, proven management team, property developmentcapabilities, strong balance sheet, acknowledged operating discipline, thehighly regarded Hollywood Casino brand, and robust customer database toenhance shareholder value."
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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