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.
KYOTO, Japan, Jan. 05, 2016 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE: NJ) (the "Company") today announced the status of the Company's own share repurchase under its ongoing repurchase plan resolved at a meeting of the Board of Directors held on January 22, 2015, pursuant to Article 459, Paragraph 1, Item 1 of the Company Law of Japan.
Details are as follows:
Details of Share Repurchase
1. Period of own share repurchase: From December 1, 2015 through December 31, 2015
2. Class of shares: Common stock
3. Number of own shares repurchased: 9,600
4. Total repurchase amount: 82,771,200 yen
Note: The above repurchase information has been prepared on the basis of execution date.
Reference
A) The following details were resolved by the Company's Board of Directors on January 22, 2015:
1. Class of shares: Common stock
2. Total number of shares to be repurchased: Up to 4,000,000 shares
(1.42% of total number of shares issued, excluding treasury stock)
3. Total repurchase amount: Up to 24 billion yen
4. Period of repurchase: From January 27, 2015 through January 26, 2016
B) The accumulative number of own shares repurchased until December 31, 2015, pursuant to the Board of Directors resolution above:
1. Accumulative number of own shares repurchased: 259,800
2. Total accumulative repurchase amount: 2,136,162,600 yen
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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