May 25, 2016 2:24 PM | 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.
Best Buy Co., Inc. (NYSE: BBY) disclosed that its board has authorized the payment of a regular quarterly cash dividend of $0.28 per common share. The dividend offered 3.7 percent yield, which was higher than the five-year average dividend yield of 3.5 percent.The company said that its quarterly dividend would be payable on July 5 to all the eligible shareholders. The company fixed June 14 as the record date for determining the shareholders name. Best Buy said that it had 323.658 million shares of common stock issued and outstanding as of April 30. The current dividend suggested a payout ratio of 55 percent, which was also higher than the five-year payout ratio of 19.0 percent. The company boosted its dividend rate continuously in the last two years.The stock traded 4.58 percent higher on Wednesday.
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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