March 12, 2012 8:07 AM | 1 min read |
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.
UnionBanCal Corporation (UNBC) and its primary subsidiary, Union Bank, N.A.(Union Bank), today announced that UNBC has entered into a definitiveagreement to acquire Pacific Capital Bancorp (NASDAQ: PCBC), a bank holdingcompany headquartered in Santa Barbara, California, for $46 per share in cash.The acquisition, which requires approval from banking regulators and subjectto other customary closing conditions, is expected to be completed in thefourth quarter of 2012. Following entry by the companies into the agreement,SB Acquisition Company LLC, the holder of approximately 75 percent of theoutstanding shares of common stock of Pacific Capital Bancorp, delivered toPacific Capital Bancorp its action by written consent adopting and approvingthe agreement.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.