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.
Clifton Savings Bancorp, Inc. (Nasdaq: CSBK) announced that on March 16, 2011 the Supreme Court of New Jersey affirmed the decision of the Superior Court of New Jersey Appellate Division relating to a derivative action alleging claims of corporate waste and breach of fiduciary duty against Clifton Savings Bank, the Company's wholly owned subsidiary, and its directors filed by Mr. Lawrence Seidman.
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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In affirming the Appellate Division's decision, the Supreme Court found that Mr. Seidman failed to demonstrate that the stock options and restricted stock awards granted to directors under the Company's 2005 Equity Incentive Plan constituted corporate waste or breach of fiduciary duty.
The ruling by the Supreme Court of New Jersey follows lengthy litigation initiated by Mr. Seidman beginning in 2004. Among several suits brought by Mr. Seidman was a shareholder derivative suit alleging corporate waste by the directors and breach of their fiduciary duties. Mr. Seidman sought a judgment that the directors committed corporate waste by, among other things, allocating benefits under the shareholder approved 2005 Equity Incentive Plan.