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.
Shares of Sunedison Inc (NYSE: SUNE) were trading higher by nearly 12 percent Wednesday. The company announced a new addition to its Board of Directors.
Sunedison's Board of Directors appointed Claire Gogel as an independent director, effective immediately. Gogal is a former Partner at Greenlight Capital, an investment fund that disclosed an activist stake in the company on Monday.
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!
Greenlight Capital also requested the company "appoint a person designated by Greenlight to the Board."
Related Link: David Einhorn Goes Activist On Sunedison, Is Officially Seeking A Board Seat
Gogel will join the Nominating and Corporate Governance Committee and the Finance and Investment Committee of Sunedison's Board of Directors.
Sunedison also announced a change in its bylaws. The company noted it will not be permitted to partake in any equity issuances without a supermajority vote of the Board.
Emmanuel T. Hernandez, Executive Chairman of the Board of SunEdison, said: "As we work to navigate current market conditions, we are very pleased that we will have the benefit of tapping the expertise of a highly-qualified director endorsed by a significant shareholder. We also believe that the new bylaw amendment makes clear our unequivocal commitment to SunEdison and its common shareholders."
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.