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.
- Supernus Pharmaceuticals Inc (NASDAQ:SUPN) has agreed to acquire Adamas Pharmaceuticals Inc (NASDAQ:ADMS) for $9.10 per share, or $450 million.
- The deal consideration includes $8.10 per share in cash ($400 million) and two non-tradable contingent value rights (CVR) collectively worth up to $1.00 per share in cash.
- As of June 30, Supernus had $855.3 million in cash, cash equivalents.
- The transaction is expected to close in late Q4 of 2021 or early Q1 of 2022.
- The transaction strengthens Parkinson's disease portfolio with Gocovri (amantadine), the first and only FDA-approved medicine for OFF and dyskinesia in Parkinson's disease patients receiving levodopa-based therapy.
- Adamas has another product, Osmolex ER (amantadine), for Parkinson's disease and drug-induced extrapyramidal reactions.
- The Companies expect potential synergies of $60 million - $80 million in year one.
- The acquisition is expected to be significantly accretive in 2022.
- The Companies will conduct a conference call and a live webcast today at 8:30 a.m. ET.
- Price Action: ADMS stock is up 72.20% at $7.94 during the premarket session on the last check Monday. SUPN shares closed 1.68% lower at $26.37 on Friday.
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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