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.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, October 19, 2017.
Uniqure Acquires Patent Family
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The Deal:
Uniqure NV (NASDAQ:QURE) acquired a patent family from University of Padua, Italy Professor PaoloSimioni, a renowned hemophilia expert. The patent family covers a hyperactive variant of Factor IX carrying an R338L mutation for use in gene therapy.
Patent applications are pending in the U.S., Europe, and Canada. The USPTO issued a patent last year, which includes claims directed to Factor IX protein with a leucine at the R338 position of the protein sequence, nucleic acid sequences coding for this protein, and therapeutic applications, including gene therapy. Terms were not disclosed.
Uniqure closed Thursday at $15.16, up $5.69.
Ulta Shares Surge on Takeover Chatter
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The Rumor:
Shares of Ulta Beauty Inc (NASDAQ:ULTA) surged higher, as traders circulated unconfirmed takeover chatter. "Sources" said the company had turned down a $248 per share offer from Amazon (NASDAQ:AMZN), with a potentially higher offer coming from Walmart (NYSE:WMT).
A note from D.A. Davidson analyst Linda Bolton Weiser referred to the Walmart/Ulta rumor and speculated Amazon might have an interest in Sally Beauty Holdings, Inc. (NYSE:SBH).
Ulta closed at $204.62, up $6.25. Sally Beauty closed at $16.87, down 88 cents.
Tribune Media Shareholders Approve Sinclair Merger
The Approval:
Tribune Media Co (NYSE:TRCO) announced that its shareholders voted overwhelmingly to approve the previously announced acquisition of the company by Sinclair Broadcast Group Inc (NASDAQ:SBGI). More than 99 percent of the votes cast at the special meeting were to approve the merger.
Tribune Media closed at $40.57, down $0.16.
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.