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.
- Educational services provider Arco Platform Limited (NASDAQ:ARCE) shares are gaining after receiving a revised non-binding acquisition proposal from General Atlantic L.P. and Dragoneer Investment Group, LLC valuing the company at $13.00 per share in cash.
- The revised proposal represents a premium of 19% from Friday's closing price of $10.90.
- In November 2022, ARCE received an $11.00 per share cash proposal from the parties, representing an approximately 22% premium over the November 30, 2022, closing price of $9.04.
- The Special Committee has agreed to negotiate definitive agreements concerning a potential transaction.
- However, the company specified no agreement had been reached as to the terms of a potential transaction.
- In 2021, Dragoneer and General Atlantic invested $150 million in ARCE through the purchase of convertible senior notes.
- Price Action: ARCE shares are trading higher by 14.7% at $12.50 on the last check Monday.
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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