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.
- U.S.-listed Chinese data center company VNET Group, Inc (NASDAQ:VNET) bagged a preliminary non-binding takeover proposal from its founder in September.
- Buyout firms CDH Investments, MBK Partners, and PAG also considered bids for VNET, Bloomberg reported.
- China Merchants Group Ltd weighed a takeover offer for Chinese data center operator Chindata Group Holdings Ltd.
- The state-owned conglomerate studied a potential bid for the Bain Capital-backed business.
- China Merchants Group reached out to prospective investors, including infrastructure funds, about backing a deal.
- Shanghai-based competitor GDS Holdings Limited (NASDAQ: GDS) and PAG, which launched a digital infrastructure platform last year, explored offers for the business.
- EQT AB-backed peer EdgeConneX studied a bid.
- Price Action: VNET shares traded higher by 11.8% at $5.10 on the last check Wednesday.
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!