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.
Chegg Inc (NYSE:CHGG) has agreed to acquire Busuu, a language learning platform, for $436 million (€385 million) in an all-cash transaction. Busuu, an education platform designed for learning a new language, provides courses in 12 different languages to over 500,000 paying subscribers.
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- Busuu, founded in 2008 by Bernhard Niesner and Adrian Hilti, has offices in London, U.K., and Madrid, Spain. It has over 20,000 new registrations daily.
- Chegg expects Busuu's full-year 2021 revenue to be approximately $45 million with year-over-year growth of greater than 20%.
- Chegg anticipates closing the acquisition early in the first quarter of 2022.
- "It will allow us to drive further into international markets, as well as accelerate Busuu's growth in the US market," said CEO Dan Rosensweig.
- Chegg held $2.6 billion in cash and equivalents as of September 30, 2021.
- Price Action: CHGG shares are trading higher by 5.52% at $26.36 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.