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.
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!
Virgin Media (NASDAQ: VMED) confirmed Tuesday, that it is in discussions with Liberty Global (NASDAQ: LBTYA), concerning a possible transaction. Any such transaction would be subject to regulatory and other conditions. Virgin Media closed at $45.61 Tuesday, a gain of almost 18% on 16.5 times average volume.Dell to Be Acquired by Michael Dell, Silver Lake for $13.65/Share in CashThe Deal:
Dell (NASDAQ: DELL) announced Tuesday, that it has signed a definitive merger agreement under which Michael Dell, Dell's Founder, Chairman and Chief Executive Officer, in partnership with global technology investment firm Silver Lake, will acquire Dell. Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion.The transaction will be financed through a combination of cash and equity contributed by Mr. Dell, cash funded by investment funds affiliated with Silver Lake, cash invested by MSD Capital, L.P., a $2 billion loan from Microsoft (NASDAQ: MSFT), rollover of existing debt, as well as debt financing that has been committed by BofA Merrill Lynch, Barclays, Credit Suisse and RBC Capital Markets, and cash on hand. The transaction is expected to close before the end of the second quarter of Dell's FY2014. Dell closed at $13.42 Tuesday, a gain of 1% on 9 times average volume.Hearing Renewed Unconfirmed Takeover Chatter in MolycorpThe Rumor:
Molycorp (NYSE: MCP) was the subject of renewed market chatter on Tuesday.A spokesperson for Molycorp declined comment on the rumor.Molycorp closed at $7.53 Tuesday, a gain of 2.5% on average volume.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Protalix BioTherapeutics (NYSE: PLX), confirmed, in response to a report in Israeli media, that the company has hired Citigroup to assist it in reviewing a broad array of product partnering, technology sharing and other strategic alternatives.Protalix BioTherapeutics closed at $6.15 Tuesday, a gain of 14% on 39 times average volume.Charter Communications Shares Surge Higher on Report of Possible DealThe Rumor:
Charter Communications (NASDAQ: CHTR) shares rose as $83.55 Tuesday, on a report from Deadline that it may be preparing for a deal with Time Warner Cable (NYSE: TWC) or Cox.A spokesperson for Charter Communications declined comment on the report.Charter Communications closed at $81.53 Tuesday, a gain of 6% on 2.5 times average volume.Blackberry Shares Fall on Comments from Lenovo in Response to Dell DealThe Comments:
Blackberry (NASDAQ: BBRY) shares fell Tuesday, following comments from Lenovo (OTC: LNVGY) that would indicate the company is not pursuing acquisitions. Lenovo stated: "Our strategy is clear, our financial position is healthy and our business is very strong; so we are focused on our products, customers and overall execution rather than distracting financial maneuvers and major strategic shifts. This focus is an advantage for us and a benefit to our customers." The statement came in response to the announcement of the Dell (NASDAQ: DELL) buyout deal.Lenovo had hinted on January 24, that it might consider a deal for Blackberry (formerly Research in Motion) to boost the company's mobile unit.Blackberry closed at $16.02 Tuesday, a gain of almost 7% on twice average volume.
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.