July 28, 2015 6:05 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Safeguard Scientifics, Inc. (NYSE: SFE) today announced that its Board of Directors has authorized the Company, from time to time and depending on market conditions, to repurchase shares of its outstanding common stock with an aggregate value of up to $25 million. Repurchases will be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission and other applicable legal requirements."This new share repurchase authorization will enable us to purchase our stock in the market when we believe that it is significantly undervalued," said Stephen T. Zarrilli, Safeguard President and Chief Executive Officer. "Our board has authorized share repurchases with an aggregate value of up to $25 million. We will determine the manner, timing and amount of any purchases based on an evaluation of market conditions, stock price and other factors."At June 30, 2015, Safeguard shares outstanding totaled 20.7 million. In 2014, Safeguard repurchased 1,194,313 shares of the Company's common stock at an aggregate cost of $25.0 million.About Safeguard ScientificsSafeguard Scientifics, Inc. (NYSE: SFE) has
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27% profits every 20 days?
This is what Nic Chahine averages with his options 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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