April 15, 2013 12:20 PM | 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.
The Board of Elan Corporation, plc (NYSE: ELN) (Elan) notes this morning'sannouncement regarding the offer by Echo Pharma Acquisition Limited (“RoyaltyPharma”) to acquire Elan's shares under Rule 2.5 of the Irish Takeover Rules.We have said consistently that we would give consideration to any formalproposal by any party for Elan. The Board of Elan will, in line with itsobligations under Irish Takeover law, promptly assess the Royalty Pharmaannouncement and will advise its shareholders accordingly.The Directors of Elan accept responsibility for the information contained inthis announcement. To the best of their knowledge and belief (having taken allreasonable care to ensure such is the case), the information contained in thisannouncement is in accordance with the facts and does not omit anything likelyto affect the import of such information.Any holder of 1% or more of any class of relevant securities of Elan or ofRoyalty Pharma may have disclosure obligations under Rule 8.3 of the IrishTakeover Panel Act, 1997, Takeover Rules 2007 (as amended).
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.