Taiwan Semiconductor to Sell 6% of Motech Industries


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.


Taiwan Semiconductor (NYSE: TSM) today announced to sell 29.16 million common shares of Motech Industries, Inc. ("Motech"), or approximately 6% of Motech's paid-in-capital. After the sale, TSMC will hold approximately 12% of Motech shares. TSMC intends to exit from its financial investment in Motech in an orderly manner in the future.

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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsAsset SalesInsider TradesPress Releases