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.
BlackBerry (NASDAQ: BBRY) might be up for sale.
The company is reportedly looking for a large, Google (NASDAQ: GOOG)-type company to take the helm through a massive buyout. If all goes as planned, the deal would be similar to the one Motorola scored when Google acquired its electronics business.
There are a lot of companies that could prove to be BlackBerry's savior. Yahoo (NASDAQ: YHOO), for example, has been spending millions of dollars to acquire a number of startups. The company, which is now under the control of former Google employee Marissa Mayer, also spent $1.1 billion to acquire Tumblr.
Yahoo wants to be a leader in mobile, so it is not a stretch to think that it may get there by acquiring the former leader of the smartphone industry. Who better than two underdogs to take on the likes of Apple (NASDAQ: AAPL) and Samsung (OTC: SSNLF)?
Right now, this would be counterproductive to Yahoo's overall strategy. The company may be interested in acquiring talent to further its business plan, but it is also interested in using Android and iOS to bolster its own success.
That's not the only thing that could keep Yahoo from buying BlackBerry. Cash is another issue.
With only $2.6 billion on hand, Yahoo might have to borrow a few billion to pay for BlackBerry, which (as of this writing) has a market cap of around $6 billion.
If not Yahoo, who might be interested in acquiring BlackBerry? Click through the slideshow to find out.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
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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