Pinnacle Announces Deal to Sell Lumiere Place Casino to Tropicana for $260M


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.


Pinnacle Entertainment (NYSE: PNK)announced today that it has entered into a definitive agreement for the saleof Lumiere Place Casino, HoteLumiere, the Four Seasons Hotel St. Louis, andrelated excess land parcels (collectively "Lumiere Place Casino and Hotels")to Tropicana Entertainment Inc. ("Tropicana"). Under the terms of theagreement, Tropicana will purchase Lumiere Place Casino and Hotels for cashconsideration of approximately $260 million.

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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