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.
Turquoise Hill Resources Ltd (NYSE:TRQ) is trading higher Monday after Rio Tinto PLC (NYSE:RIO) proposed to acquire the company for CAD$34 ($26.66) per share in cash.
Rio Tinto currently owns about 51% of Turquoise Hill. The proposal would allow the company to acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto doesn't currently own.
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"The Proposed Transaction would enable Rio Tinto to work directly with the Government of Mongolia to move the Oyu Tolgoi project forward with a simpler and more efficient ownership and governance structure," said Jakob Stausholm, CEO of Rio Tinto.
Turquoise Hill is a global mining company that primarily mines copper, gold and coal in the Asia-Pacific region.
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TRQ 52-Week Range: $9.75 - $22.04
Turquoise Hill shares were up 32.3% at $26.63 at time of publication.
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.