Kips Bay Medical Announces Closing of Its $16.5M IPO

by Benzinga Staff
February 16, 2011 1:34 PM | 16 seconds read | Make a Comment

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.

Kips Bay Medical, Inc. (NASDAQ: KIPS) today announced that it has closed its previously announced offering of 2,062,500 shares of its common stock at a price of $8.00 per share. Kips Bay received aggregate net proceeds of approximately $13.6 million after deducting underwriting discounts and commissions and offering expenses payable by Kips Bay.

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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