October 15, 2014 11:06 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.
CTC Media, Inc. (Nasdaq: CTCM), Russia's leading independent media company, notesthat the amendments to the Russian law "On Mass Media" have now been signed bythe President of the Russian Federation and thereby become law. As previouslyannounced, the amendments impose further restrictions on foreign ownership ofmass media (including television broadcasters) in Russia.The amendments reduce the permitted level of aggregate foreign ownership ofRussian mass media from 50% direct ownership to 20% direct or indirectownership or control. The legislation applies to both existing and futureforeign ownership, and will come into force on January 1, 2016. The amendedlaw will affect CTC Media itself, as a Delaware corporation that directly orindirectly owns 100% of the shares of a series of Russian legal entities thatoperate primarily broadcast media entertainment businesses in Russia and theCIS, and then the non-Russian stockholders of the US holding company. Russianbeneficial owners holding through off-shore holding structures will have untilJanuary 1, 2017 to comply with the law.CTC Media's Board of Directors has formed an advisory committee consisting ofnon-executive Directors, which is in the process of appointing internationaland local financial and legal advisers, and evaluating the potential actionsthat the Company may take moving forward in order to comply with the amendedlaw. These actions may include corporate restructuring, franchising andlicensing structures, capital reorganization or divestments. CTC Media is alsoin dialogue with other media companies that are affected by this change in thelaw."While these new legal requirements are not expected to directly adverselyaffect our operating business, they do have significant implications for theownership structure of our Russian operating business by our American parentcompany and its international stockholders," commented Yuliana Slashcheva, CEOof CTC Media. "We are analyzing our alternative courses of action in thesecircumstances, in order to comply with the law and best protect the interestsof our stockholders."
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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