August 26, 2011 4:01 PM | 1 min read |
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.
SMART Modular Technologies, Inc. (NASDAQ: SMOD) today announced that all conditions precedent to the previously announced merger were satisfied to proceed with the acquisition of SMART by investment funds managed by Silver Lake Partners and Silver Lake Sumeru. On August 12, 2011, SMART's shareholders approved the going-private transaction at an extraordinary general meeting of shareholders. Pursuant to the definitive merger agreement among SMART, Saleen Acquisition, Inc. and Saleen Holdings, Inc., dated as of April 26, 2011, SMART shareholders will receive $9.25 per share in cash, for each ordinary share they own immediately prior to the effective time of the merger.
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.
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