June 7, 2016 10:39 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.
TransUnion (NYSE: TRU) disclosed that it priced the secondary of some stockholder of 15.65 million shares at $32.10 per share. According to the company, the offering is expected to close on June 10, subject to customary closing conditions. Aside from that, TransUnion said that such selling stockholder has granted the underwriters a 30-day option to acquire a maximum of 2.35 million additional shares. The company indicated that the selling stockholder would get all of the proceeds from this offering. It clarified that no shares were sold by it. The company stated that Goldman, Sachs & Co., J.P. Morgan, BofA Merrill Lynch and Deutsche Bank Securities were acting as lead bookrunning managers for the offering. Similarly, Evercore ISI, RBC Capital Markets and Wells Fargo Securities were acting as joint bookrunning managers for the offering. Cowen and Company and Stifel were acting as co-managers for the offering.Following the news, the stock traded 2.37 percent down on Tuesday.
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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