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.
- Just Eat Takeaway.com NV (OTC:JTKWY) has agreed to sell its stake of 33% in Brazil's iFood to Prosus NV (OTC:PROSY) for up to €1.8 billion ($1.8 billion).
- The transaction consideration will comprise €1.5 billion in cash on closing and deferred consideration of up to €300 million.
- The consideration represents an equity multiple of over five times on the investments over the life of the joint venture.
- The company expects to complete the deal in the fourth quarter of 2022. It intends to retain the proceeds to maintain its balance sheet strength and repay its upcoming debt maturities.
- Price Action: JTKWY shares are trading higher by 26.20% at $4.19 on the last check Friday.
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.
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!