GAC Media Snaps Discovery's Great American Country Network for Undisclosed Sum


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.


  • A newly-formed group of US-based investors, GAC Media, acquired Discovery Inc’s (NASDAQ:DISCA) the Great American Country (GAC) network.
  • The financial terms of the transaction were not disclosed.
  • GAC’s format includes lifestyle programming and is available in 40 million television households. GAC Media also acquired high-definition television network RIDE TV.       
  • Industry veteran Bill Abbott will run GAC and RIDE TV as the CEO.
  • Price action: DISCA shares traded lower by 0.25% at $31.47 on the last check Monday.

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.


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: M&ANewsTechMediaBriefs