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.
Lazard Ltd (NYSE:LAZ) reportedly held a talk for an acquisition deal with Abu Dhabi's sovereign wealth fund ADQ.
Sheikh Tahnoon bin Zayed al-Nahyan, ADQ's Chairman and Abu Dhabi's influential national security adviser, talked to Ken Jacobs, LAZ's departing CEO, about acquiring the investment bank this year, per Financial Times.
Related: Lazard CEO To Resign, Names Replacement: Report
However, the negotiations fell apart after both sides withdrew from the deal.
The report quoted Lazard commenting, "As you'd expect, we talk to people all the time but we don't comment on speculation."
Notably, Abu Dhabi has been aiming to expand its foothold in financial services and diversify the economy away from hydrocarbons.
Last month, Lazard announced the appointment of Peter R. Orszag as the new CEO, effective October 1, 2023.
Price Action: LAZ shares are trading higher by 2.52% at $32.91 on the last check Tuesday.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!