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.
- ViaSat, Inc (NASDAQ:VSAT) weighed a sale of part of its government services unit, Bloomberg reports.
- The geostationary satellite company explored selling the part of the division providing encryption technology, which could fetch up to $1.8 billion.
- The business, likely to attract interest from other defense companies and private equity firms, generated $120 million in annual EBITDA.
- The unit provided products helping clients, including the government, encrypt communications.
- The update coincided with ViaSat seeking to complete its purchase of peer Inmarsat Group Holdings Ltd, creating a company with a fleet of 19 satellites and more to come to counter the rise of Tesla, Inc (NASDAQ:TSLA) chief Elon Musk's Starlink and OneWeb.
- The European Space Agency (ESA) chose ViaSat to conduct a multi-layered Satellite Communication (SATCOM) study.
- Recently, ViaSat announced the delivery of the second ViaSat-3 payload module to Boeing's El Segundo, CA facility. The second ViaSat-3 class satellite will likely provide broadband service over Europe, the Middle East, and Africa (EMEA) in 2023.
- Price Action: VSAT shares closed higher by 2.25% at $28.68 on Tuesday.
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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