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.
- DuPont De Nemours, Inc (NYSE:DD) terminated the previously announced agreement to acquire the outstanding shares of Rogers Corp (NYSE:ROG) after failing to obtain timely clearance from all the required regulators.
- DuPont is paying Rogers a termination fee of $162.5 million under the agreement.
- DuPont announced an $11 billion deal earlier this year to sell most of its mobility and materials business to Celanese Corp (NYSE:CE) and planned to use the sales proceed to fund the Rogers deal, Reuters reports.
- Last November, DuPont agreed to acquire engineering materials technology company Rogers at $5.2 billion.
- DuPont held $1.44 billion in cash and equivalents as of June 30.
- Price Action: DD shares are trading higher by 5.13% at $61.71, while ROG is down 40.96% at $135.50 in the premarket on the last check Wednesday.
- Photo Via Company
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.
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!