December 10, 2015 6:32 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.
Codorus Valley Bancorp, Inc. (Codorus Valley) (NASDAQ: CVLY), holding company of PeoplesBank, a Codorus Valley Company (PeoplesBank), today announced it has priced a public offering of 1,519,000 shares of common stock at $19.75 per share for gross proceeds of approximately $30.0 million. The Company expects to close the sale of the shares of common stock on or about December 15, 2015, subject to customary closing conditions. Sandler O'Neill + Partners, L.P. and Janney Montgomery Scott LLC served as joint book-running managers for the offering. The underwriters have been granted a 30-day option to purchase up to an additional 227,850 shares of common stock from the Company. The Company expects to use the net proceeds of this offering to redeem, subject to applicable regulatory approvals, the $12 million in outstanding shares of its Senior Non-cumulative Perpetual Preferred Stock, Series B (the "SBLF Preferred Stock"), that had been issued to the United States Department of the Treasury pursuant to the Treasury's Small Business Lending Fund Program, as well as for general corporate purposes, which may include, without limitation, making investments at the holding company level, providing capital to support its bank subsidiary, PeoplesBank, supporting asset and
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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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