GeoResources, Inc. Announces Closing of 4.5M Share Offering

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.

GeoResources, Inc. (NASDAQ: GEOI) today announced that in connection with the Company's previously announced public offering of 5,360,000 shares of common stock, of which 4,500,000 shares were sold by the Company and 860,000 shares were sold by certain selling shareholders, at a price to the public of $25.00 per share, the underwriters exercised in full their option to purchase an additional 675,000 shares of the Company's common stock from the Company and an additional 129,000 shares from the selling shareholders. The Company also announced that the closing of the offering and the over-allotment option took place simultaneously today.

27% profit every 20 days?

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!