Ameron International Trading over 27% Higher after M&A Deal for $85/Share

by Benzinga Staff
July 5, 2011 9:50 AM | 15 seconds read | Make a Comment

27% profits every 20 days?

This is what Nic Chahine averages with his options 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.

National-Oilwell Varco Inc (NYSE: NOV) announced its plans to pay $85 per share in cash to acquire Ameron International Corp (NYSE: AMN) in a deal valued at $772 million.The purchase price values AMN at 28% premium over its closing price of $66.27 per share on Friday.Read more here.

27% profits every 20 days?

This is what Nic Chahine averages with his options 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.

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!

Posted In: NewsM&AMoversBuilding ProductsEnergyIndustrialsOil & Gas Equipment & Services

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.