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.
- A U.S. judge on Monday denied the Justice Department's request to stop UnitedHealth Group Inc's (NYSE:UNH) $13 billion buyout deal for Change Healthcare Inc (NASDAQ:CHNG).
- The Justice Department had filed a lawsuit in February aimed at stopping the acquisition on antitrust grounds.
- The deal was announced in January 2021 at $25.75 per share in cash and was expected to close in the second half of 2021.
- The judge rejected the claims that the deal would unlawfully suppress competition and limit innovation in health-insurance markets.
- In April, UnitedHealth announced its plans to sell Change Healthcare's claims payment and editing business to private equity firm TPG Capital for $2.2 billion, according to an SEC filing, to ease antitrust concerns. The Justice Department considered the offer insufficient.
- Judge Carl Nichols said he would deny the government's request to stop the deal and ordered the companies to go forward with an asset sale they had proposed.
- Wall Street Journal writes that the court ruling represents an early blow to stepped-up antitrust enforcement by the Biden administration.
- The Justice Department's top antitrust official, Jonathan Kanter, said the department disagreed with the decision and considered its next steps.
- Price Action: UNH shares closed at $523.55 on Monday. CHNG stock is up 7.38% at $27.35 during the premarket session on the last check Tuesday.
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!