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.
Canadian trucking and logistics company TFI International (NYSE:TFII) has pulled out of its planned acquisition of Canadian less-than-truckload (LTL) and intermodal carrier APPS Transport.
Montreal-based trucking and logistics firm TFI disclosed the move in its third-quarter financial results released Thursday. The company did not provide a reason, stating that its planned acquisition had been terminated.
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TFI announced the forthcoming acquisition of APPS in August. The price of the deal was not disclosed, but TFI said at time that APPS had annual revenue of about C$100 million (US$76 million).
Based near Toronto, the addition of APPS would have helped TFI shore up its Canadian LTL business. It was part of a string of U.S. and Canadian acquisitions announced by TFI, which raised $219 million in a share offering in August.
TFI's spokesperson said the company had no further comment on the APPS deal. A spokesperson for APPS did not immediately respond to FreightWaves' request for comment.
TFI CEO Alain Bedard will discuss TFI's third-quarter earnings report in a call with analysts on Friday morning.
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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.