October 4, 2011 12:55 PM | 1 min read |
Over the weekend, we learned that Alibaba CEO Jack Ma had expressed
his interest in buying Yahoo
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.
(NASDAQ: YHOO), as Yahoo owns 39% of the Chinese Internet company.Today, we got a report that Silver Lake, Alibaba Group, and Russia's Digital Sky Technologies are in serious talks about a potential joint bid for the Sunnyvale, Calif.-based company. The report first originally appeared in
Bloomberg. AllThingsD had initially mentioned Silver Lake, Digital Sky and Alibaba as potential bidders for Yahoo. The trio supposedly first contacted Yahoo to talk about the deal. So far no offer price has surfaced for the company, but there was a tweet yesterday from Doug Kass, a portfolio manager, that mentioned he heard $19 per share as an offer from the group. That $19 per share offer is a price that Dan Loeb, from Third Point LLC, has
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.