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.
Alphabet Inc's (NASDAQ:GOOG)(NASDAQ:GOOGL) Google will acquire Fitbit Inc (NYSE:FIT) for $2.1 billion, or $7.35 per share in cash. Friday's press release confirmed a report from earlier this week.
Fitbit supplies fitness trackers and smartwatches.
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!
"Fitbit has been a true pioneer in the industry and has created terrific products, experiences and a vibrant community of users," said Rick Osterloh, senior vice president, devices and services at Google. "We're looking forward to working with the incredible talent at Fitbit, and bringing together the best hardware, software and AI, to build wearables to help even more people around the world."
Fitbit's stock closed Thursday at $6.18 per sahre adn traded higher by 17% Friday morning.
Related Links:
3 Reasons Fitbit Could Be An Attractive M&A Target
Garmin CEO: Nearly Every Business Segment Is Growing
Photo courtesy of Fitbit.
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.