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.
- The EQT X fund agreed to acquire BTRS Holdings Inc (NASDAQ:BTRS), a B2B accounts receivable automation and integrated payments company, in an all-cash transaction valuing Billtrust's equity at $1.7 billion.
- Billtrust shareholders will receive $9.50 per share, implying over 64% premium above the closing share price of $5.77 on September 27.
- Also Read: KeyBanc Re-rated These Vertical Software, FinTech Stocks Based On Current Economic Backdrop: Read To Know
- Billtrust Founder and CEO Flint Lane said, "We believe B2B payments and accounts receivable continue to be ripe for massive disruption and innovation, and our partnership with EQT will provide us with greater resources and flexibility to build on our leadership position."
- Since its founding in 2001, Billtrust has maximized its customers' operational efficiency across the order-to-cash spectrum with a flexible and integrated cloud-based solution.
- Upon completion of the transaction, Billtrust's shares will no longer trade on the NASDAQ, and Billtrust will become a private company.
- Price Action: BTRS shares traded higher by 59.79% at $9.22 on the last check Wednesday.
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!