December 21, 2012 1:49 PM | 1 min 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.
CTS Corporation (NYSE: CTS) today announced the acquisition of D&R Technology(D&R), a privately-held company with annual sales of approximately $50million. D&R is a leading manufacturer of custom designed sensors, switchesand electromechanical assemblies primarily serving the automotivelight-vehicle market. CTS acquired D&R for a cash purchase price ofapproximately $63.5 million. Management expects the transaction to beaccretive to CTS' earnings in the first year.The synergistic acquisition significantly expands CTS' strategic automotivesensor product platform with new customers and a broader product portfolio.The acquisition will also further diversify CTS' Components and Sensorssegment and bring new growth opportunities from sensor applications for safetysystems and vehicle chassis management. Additionally, D&R brings strong sensordesign and development engineering capabilities to complement CTS' world-classengineering team.
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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