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.
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Indian Hotels, which currently owns a 6.9% in Orient-Express Hotels, decided Thursday at a meeting of the Board of Directors to make an offer to the Board of Directors of Orient-Express Hotels Limited to acquire the balance of the outstanding 93.1% Class A common Shares of Orient-Express Hotels Limited for $12.63 per share.Orient-Express Hotels confirmed that it received an unsolicited letter from Indian Hotels and certain other members of the Tata group of companies dated October 18, 2012.Orient-Express Hotels closed at $11.05 Thursday, a gain of 22.51% on 31 times average volume.Sprint Gains Control of Clearwire with Eagle River AcquisitionThe Deal:
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Ally Financial (OTC: ALFI) announced Thursday that it has reached an agreement to sell its Mexican insurance business, ABA Seguros, to the ACE Group (NYSE: ACE) for $865 million in cash.ACE closed at $81.70 Thursday, a gain of 3.04% on twice average volume.BioCryst Pharmaceuticals, Presidio Pharmaceuticals Announce MergerThe Deal:
BioCryst Pharmaceuticals (NASDAQ: BCRX) and privately held Presidio Pharmaceuticals announced Thursday that the companies have signed a definitive merger agreement for Presidio to be acquired by BioCryst in an all-stock transaction. The transaction has been approved by the Boards of both companies. The transaction values Presidio at approximately $101 million, based on yesterday's closing BioCryst share price of $4.11 per share. The transaction is expected to close in the first quarter of 2013, and is subject to customary conditions, including approval by BioCryst shareholders.BioCryst Pharmaceuticals closed at $4.36 Thursday, a gain of 6.08% on twice average volume.
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.