September 5, 2013 7:17 AM | 30 seconds 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.
OtsukaPharmaceutical Co., Ltd. ("Otsuka") and Astex Pharmaceuticals, Inc.(Nasdaq: ASTX) ("Astex"), announced today that their respective Boards ofDirectors have unanimously approved a transaction under which Otsuka willacquire all of the outstanding shares of Astex for $8.50 per share in cashrepresenting a 48% premium to the average closing stock price for the prior 30day period. The purchase price represents a fully diluted equity value ofapproximately $886 million, calculated using the treasury stock method. Otsukaintends to effect the transaction through a tender offer and expects to closethe transaction early in the fourth quarter of 2013, subject to thesatisfaction of customary closing conditions.
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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