Genco Shipping Gains 7%, Company Reaches Agreement With Lender To Extend Payment


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 Genco Shipping & Trading Limited Ordinary Shares New (NYSE: GNK) traded higher by more than 7 percent Monday morning after the company announced it has reached an agreement with a lender to extend a payment.

Genco Shipping stated it entered into an agreement with ABN Amro Capital in connection with a loan agreement that was dated April 7, 2015. The company noted that under a new agreement, the due date of the approximately $1.6 million amortization payment due April 7, 2015, was postponed to May 31, 2016.


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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