October 16, 2015 4:16 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.
Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) announced Thursday, that it has priced an underwritten public offering of 5,500,000 shares of its common stock, which was upsized from the previously announced offering of 5,300,000 shares. Carrizo has granted the underwriters an option to purchase up to 825,000 additional shares. The total gross proceeds of the offering (before underwriters' discounts and commissions and estimated offering expenses) will be approximately $211.8 million. Carrizo intends to use the net proceeds from this offering, and any proceeds from the exercise of the underwriters' option to purchase additional shares, to repay borrowings under its revolving credit facility, with the remainder for general corporate purposes, including future potential acquisitions with a primary focus in the Permian Basin. In connection with the offering, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are serving as joint book runners. The offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on August 28, 2014. Copies of the preliminary prospectus for the offering may be obtained from the offices of Credit Suisse Securities (USA) LLC, via email: newyork.prospectus@credit-suisse.com; or standard
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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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