Group 1 Auto Buys Rivertown Ford in Georgia

by Benzinga Staff
December 10, 2012 4:31 PM | 18 seconds read

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.

Group 1 Automotive, Inc. (NYSE: GPI), aFortune 500 automotive retailer, today announced the acquisition of RivertownFord in Columbus, Ga. The dealership is expected to generate $70 million inestimated annual revenues.Group 1 also announced that it disposed of a Nissan dealership in the Bostonmarket area and an Audi dealership in the United Kingdom that generated $42.4million in total trailing-12-month revenues.

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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