Why VNET Shares Are Surging Today


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.


  • VNET Group Inc (NASDAQ:VNET) bagged an unsolicited and preliminary all-cash buyout offer.
  • The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch proposed to acquire VNET for $8.00 in cash per ADs, or $1.3333 per ordinary share.
  • VNET's Q4 FY21 revenue of $273.9 million, up 29.4% year-on-year, missed the consensus of $275.9 million. EPS loss of $(0.24) missed the consensus loss of $(0.22).
  • China's leading carrier- and cloud-neutral Internet data center services provider's American depositary shares closed Friday at $5.40.
  • Price Action: VNET shares traded higher by 14.4% at $6.18 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.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: M&ANewsSmall CapMoversTechTrading IdeasBriefswhy it's moving