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.
- Towing and trailering equipment producer Horizon Global Corp (NYSE:HZN) has entered into a definitive merger agreement with First Brands Group LLC.
- First Brands will acquire Horizon Global for $1.75 per share in an all-cash deal.
- The transaction represents a 31% premium to the trading price before the strategic alternative announcement in August 2022, and over 350% premium to the last closing price of $0.3888.
- Horizon's portfolio of towing and trailering brands will complement First Brand's portfolio of braking solutions, filters, wiper blades, gas springs, spark plugs and fuel and water pumps.
- "After consideration of a number of different alternatives, the Board believes this Transaction is the best path forward for shareholders to address Horizon Global's capital needs while supporting the long-term growth and sustainability of Horizon Global's business," said John C. Kennedy, interim CEO and Board Chair.
- The transaction is expected to be completed in Q1 2023.
- Price Action: HZN shares are trading higher by 339.81% at $1.71 in premarket on the last check Tuesday.
- 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.
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