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.
Comcast Corporation (NASDAQ:CMCSA) subsidiary Fandango has entered into an agreement to acquire video-on-demand service Vudu, the latter said in a statement on Monday.
What Happened
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!
Vudu, a subsidiary of retailer Walmart Inc. (NYSE:WMT), said it will continue to operate as an independent platform even after the acquisition, and its movie and television show library won't see any immediate change.
The two companies didn't disclose the terms of the deal, including the valuation at which Vudu was purchased.
The movie ticketing company Fandango also runs a streaming platform similar to Vudu called FandangoNow. According to Vudu, "there will be no immediate changes to either service."
See Also: Comcast's Peacock Takes Well-Timed Flight
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Why It's Important
Both FandangoNow and Vudu trail significantly behind market leaders Netflix Inc. (NASDAQ:NFLX), Amazon.com Inc.'s (NASDAQ:AMZN) Prime Video and Hulu, in terms of viewership.
The acquisition comes at a time when the novel coronavirus (COVID-19) pandemic has increased the demand for at-home entertainment services.
Comcast subsidiary NBCUniversal's other video-on-demand service, Peacock, launched in a limited manner last week.
Price Action
Comcast shares closed 2.3% lower in the regular session at $37.21.
Walmart stock closed 1.7% lower at $129.85 per share in the day.
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.