February 19, 2013 9:28 AM | 1 min read |
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.
Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitorowning and operating the largest theatre circuit in the United States, todayannounced that it has entered into an agreement to acquire Hollywood Theaters.The purchase price will consist of $191 million in cash, approximately $47million of assumed lease obligations, comprised of capital leases andfinancing obligations, and certain working capital. The cash portion of thepurchase price includes repayment of approximately $157 million of thesellers' debt and is subject to customary post-closing adjustments.The proposed acquisition would add a total of 43 theatres with 513 screens toRegal's portfolio at a pre-synergy multiple of approximately 5.9 times cashflow and includes theatres in 16 states and 3 U.S. territories. Theconsummation of the acquisition is subject to customary closing conditions.“We expect the acquisition of Hollywood Theaters to be accretive to cash flowsand earnings and are pleased to announce an agreement to purchase these highquality assets,” stated Amy Miles, CEO of Regal Entertainment Group.“Accretive acquisitions are a key component of our overall business strategyand we look forward to a successful closing and integration of the HollywoodTheater assets during the second quarter,” Miles continued.
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.
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