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.
Elanco Animal Health Inc (NYSE:ELAN) shares were trading lower Tuesday after the company announced it would acquire Bayer AG (OTC:BAYRY)'s animal health business for $5.32 billion in cash and $2.28 billion in Elanco shares. The transaction is valued at $7.6 billion.
The deal is expected to double Elanco's companion animal business and create a balance between its food animal and companion animal segments.
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"In our first four quarters as an independent company, we have validated the significant value creation potential from a dedicated focus on animal health and a targeted strategy," Elanco CEO Jeffrey Simmons said in a statement.
"Joining Elanco and Bayer Animal Health strengthens and accelerates our IPP strategy, transforms our portfolio with the addition of well-known pet brands, brings an increased presence in key emerging markets, expands innovation and accelerates our margin expansion journey."
Elanco Animal Health shares were trading down 4.63% at $28.40 at the time of publication Tuesday. The stock has a 52-week high of $37.61 and a 52-week low of $28.
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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.