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.
ATA Inc. (NASDAQ:ATAI) shares were trading higher Friday after the company announced the terms of its agreement to acquire a China-based provider of overseas art education.
ATA said it has entered into a non-binding framework agreement with Beijing Huanqiuyimeng Education Consultation Corp., also known as ACG.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
ATA said it will issue 9.36 million shares to Arts Consulting Limited, ACG's sole shareholder, as consideration for 100% of the company. The acquisition is expected to close before the end of August, according to ATA.
The Chinese education company previously announced April 9 that it had a preliminary agreement to acquire ACG.
ACG is a provider of educational services for students in China interested in applying for overseas art study. ATA is a company focused on providing students with educational experiences and services in China and abroad.
ATA shares were trading higher by 13.47% at $2.95 at the time of publication Friday.
Related Links:
5 Stocks To Watch For June 28, 2019
Constellation Brands Trades Higher On Q1 Earnings
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.