UPDATE: Stifel Nicolaus Downgrades Robbins & Myers to Hold Following Announced Take-Out Deal

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.

Stifel Nicolaus downgraded Robbins & Myers (NYSE: RBN) from Buy to Hold and suspended its $55 price target on shares. Stifel NIcolaus commented, "Robbins & Myers and National Oilwell Varco (NOV: $76.34, Not Covered) have entered into an agreement under which NOV will acquire RBN in an all cash transaction that values RBN at about $2.6 billion market cap. … We are downgrading shares of RBN from Buy to Hold based on our feeling that the deal is likely to close at the offer price of $60 per share."Robbins & Myers closed at $59.63 on Thursday.

27% profit every 20 days?

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