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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Amgen (NASDAQ: AMGN) announced its plans to buy Onyx Pharmaceuticals (NASDAQ: ONXX) for $10.4 billion.Under terms of the deal, Amgen will buy Onyx for $125 per share in cash. Amgen projects the deal to complete at the beginning of the fourth quarter.Equities Trading UP
Qihoo 360 Technology Co (NYSE: QIHU) shot up 8.64 percent to $79.45 after the company reported upbeat Q2 results.Shares of Onyx Pharmaceuticals (NASDAQ: ONXX) got a boost, shooting up 5.74 percent to $123.67 after Amgen (NASDAQ: AMGN) announced its plans to buy the company for $10.4 billion.Amgen (NASDAQ: AMGN) was also up, gaining 5.26 percent to $111.15 after the company announced its plans to buy Onyx Pharmaceuticals (NASDAQ: ONXX) for $125 per share. Analysts at Piper Jaffray upgraded Amgen from Neutral to Overweight.Equities Trading DOWN
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In commodity news, oil traded down 0.25 percent to $106.15, while gold traded down 0.06 percent to $1,394.90.Silver traded up 1.59 percent Monday to $24.16, while copper rose 0.51 percent to $3.37.Eurozone
European shares were mostly lower today. The Spanish Ibex Index dropped 0.49 percent, while Italy's FTSE MIB Index tumbled 2.05%. Meanwhile, the German DAX gained 0.04 percent and the French CAC 40 dropped 0.22 percent.Economics
US durable-goods orders declined 7.3% in July, versus economists' expectations for a 4.9% fall. However, core durable-goods orders dropped 0.60% in the month.The Treasury is set to auction 4-week, 3- and 6-month bills.
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.