November 2, 2015 3:09 PM | 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.
Platform Specialty Products Corporation (NYSE: PAH) ("Platform") announced today that PSPC Escrow II Corp., a wholly-owned subsidiary of Platform (the "Escrow Issuer"), intends to offer $400 million aggregate principal amount of senior notes due 2021 denominated in U.S. dollars (the "Notes") in a private offering, subject to market and other customary conditions. The Notes are being offered solely to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in accordance with Regulation S under the Securities Act. If the offering closes prior to the consummation of Platform's previously-announced recommended offer to acquire all the issued and to be issued shares of Alent plc (the "Alent Acquisition"), the net proceeds from the offering (plus an additional amount of funds from Platform necessary to provide for the special mandatory redemption price of the Notes) will be deposited into an escrow account until the date on which certain escrow conditions are satisfied, including the closing of the Alent Acquisition. The Alent Acquisition is expected to be consummated on December 1, 2015, subject to closing conditions customary for a transaction of this
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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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