November 10, 2010 9:45 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.
RDA Microelectronics (Nasdaq: RDA) today announced the pricing of its initial public offering of 7,500,000 American Depository Shares (ADS) representing 45,000,000 ordinary shares, at a price of $9.00 per ADS. A total of 7,342,000 ADSs are being offered by RDA Microelectronics and a total of 158,000 ADSs are being offered by the selling stockholders. In addition, RDA Microelectronics has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ADSs to cover over-allotments, if any. Morgan Stanley and Credit Suisse are acting as joint book-running managers, and Caris & Company is acting as co-manager. RDA Microelectronics' ADSs began trading today on the NASDAQ Global Market under the symbol "RDA."
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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