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.
- Eaton Corporation PLC (NYSE: ETN) is set to acquire Tripp Lite for a purchase price of $1.65 billion to expand its power quality business in the Americas.
- Tripp Lite is a supplier of power quality products and connectivity solutions, including single-phase uninterruptible power supply systems, rack power distribution units, surge protectors, and enclosures for data centers, industrial, medical, and communications markets in the Americas.
- The purchase price is valued at 12 times Tripp Lite's 2020 EBITDA and 11 times its projected 2021 EBITDA.
- "The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business," said Eaton COO Uday Yadav.
- The acquisition is expected to close by the mid of 2021.
- Price Action: ETN shares closed 0.04% lower at $118.29 on Thursday.
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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