27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Enterprise cloud provider Phunware Inc (NASDAQ:PHUN) agreed to acquire Lyte Technology for up to a $10.32 million purchase price in cash and stock, with $3.32 million cash at closing and the remaining $7 million in earn-out.
- Lyte Technology specializes in marketing and distributing custom, high-end computer systems off-the-shelf with advanced graphic processing units for gaming, streaming, and cryptocurrency mining.
- The acquisition will help efficiently bridge the gap between external data on the existing web and blockchain-based applications on mobile, Phunware CEO Alan S. Knitowski said.
- The acquisition is likely to close within the next 30 to 45 days.
- Currently located in Illinois, Lyte Technology employs over 25 people. Lyte Technology's operations will relocate to Austin, Texas, upon closing of the deal.
- Phunware held $2.8 million in cash and equivalents as of June 30.
- Price Action: PHUN shares traded lower by 0.79% at $1.0318 on the last check Monday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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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