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.
- Otonomo Technologies Ltd (NASDAQ:OTMO), a platform powering the mobility economy, and Urgent.ly, Inc, a digital roadside and mobility assistance technology provider, agreed to merge in an all-stock transaction.
- Urgently expects to list the shares under the ticker symbol "ULY."
- Urgently and Otonomo equity holders will own approximately 67% and 33% of the combined company.
- Urgently's 2022 revenue is estimated at more than $185 million, up 25% year-on-year.
- Post-closing, Otonomo will be a wholly-owned subsidiary of Urgently.
- Matt Booth will be the CEO, and Tim Huffmyer will be the CFO of the combined company.
- Ben Volkow will join the Board of the combined company.
- The transaction will create meaningful cross-selling revenue opportunities and cost savings.
- The transaction will likely close in the third quarter of 2023.
- Price Action: OTMO shares traded higher by 0.50% at $0.5025 on the last check Friday.
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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