February 12, 2016 8:35 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.
(NYSE: IPG)
announced Friday morning that its Board of Directors authorized a hike to the stock's quarterly dividend as well as a new share repurchase program.Interpublic's stock will now pay a quarterly dividend of $0.15 per share, marking a 25 percent increase from the prior dividend of $0.12 per share. In addition, the company is now authorized to repurchase up to $300 million worth of its common stock as part of a new share repurchase program.Michael I. Roth, Chairman and CEO of Interpublic Group commented, "These actions build on a sustained capital return program that IPG initiated in 2011. Since that time, we have returned a total of $2.5 billion to shareholders through a combination of dividends and share repurchase, and reduced our outstanding shares eligible for dilution by over 25%. Today's announcement demonstrates our continued confidence in the financial and operational strength of IPG."Interpublic's stock showed no trades early Friday morning.
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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