December 1, 2011 8:47 AM | 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.
A report from Canaccord lowers its price target from $8 to $7.35 and changes its rating from Buy to Tender on Magma Design Automation (NASDAQ: LAVA).The report states, “We are transitioning our rating to TENDER from Buy on shares of Magma Design Automation following the announcement today after the close of an acquisition agreement with Synopsys. Investment highlights LAVA has entered into a definitive agreement with Synopsys to be acquired for approximately $7.35 per Magma share in cash, for a transaction value of $507 million net of cash and debt. The transaction is subject to approval by Magma Design Automation's shareholders as well as standard regulatory approval.”LAVA closed yesterday at $5.72.
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.