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.
Elon Musk will respond to questions about his attempt to back out of a $44 billion purchase of the social media platform from Twitter Inc. (NYSE:TWTR) lawyers on Oct. 6 and Oct. 7.
According to a court document filed on Tuesday, the deposition would occur behind closed doors in Wilmington, Delaware, where the upcoming trial will be held.
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The Tesla (NASDAQ:TSLA) CEO was originally scheduled to sit for questioning in Delaware on Sept. 26 and 27. Twitter CEO Parag Agrawal was due to answer questions Monday, but that deposition is also being rescheduled.
A five-day trial for the lawsuit is scheduled to begin on October 17, with Kathaleen St. Jude McCormick, Chancery Judge of Delaware presiding over the case.
The deposition delays triggered a brief uptick in Twitter share price on Monday, which increased 5.4% to $43.03 in what appeared to be an expectation of a dispute resolution.
Musk news: Elon Musk Touts 1M Milestone For Starlink Terminals — But Report Finds Rise In Users Has Come At A Cost
Enthusiasm waned later in the day as Twitter's share price closed at $41.58, an increase of just eight cents over its opening price. The stock opened on Tuesday around the same levels and is currently trading at $41.86.
Musk agreed to acquire Twitter and take it private in April, offering $54.20 per share, and promised to relax the company's content policing policies and eliminate phony accounts.
He made an attempt to cancel the agreement in July, blaming Twitter for a variety of offenses in the process.
Twitter then filed a lawsuit against Musk in an attempt to make him complete the 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.