27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
- Buyout firms CDH Investments and PAG weighed bids for U.S.-listed Chinese data center company VNET Group, Inc (NASDAQ:VNET).
- CDH and PAG separately explored financing and deal structures for a potential offer, Bloomberg reports.
- The investors could bid independently or form a consortium with other prospective bidders.
- In September, VNET bagged a non-binding proposal from its founder and Chair, Josh Sheng Chen, to acquire it for $8.20 in cash per ADS or $1.3667 per share. The purchase price implied a 74.8% premium.
- VNET received a non-binding cash takeover offer in April from boutique Chinese advisory and private equity firm Hina Group and the Shanghai branch of Industrial Bank Co for $8 per ADR.
- Other companies considering bidding for VNET include North Asia-focused investor MBK Partners.
- VNET is a carrier- and cloud-neutral Internet data center services provider in China. It operates in more than 30 cities throughout China, servicing over 6,500 hosting and related enterprise customers.
- Price Action: VNET shares traded higher by 11.5% at $6.00 in pre-market on the last check Tuesday.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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