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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Shares of Dendreon (NASDAQ: DNDN) moved higher Friday on a report from
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Shares of Cooper Tire (NYSE: CTB) rose more than a point in late trading Friday, perhaps in anticipation of a revised merger deal with Apollo Tyres. No news was announced by the company on Friday. Apollo announced on June 12 it was acquiring Cooper Tire for $35.00 per share in cash. The deal was approved by Cooper shareholders on September 30. Since then, the deal has run into problems. On October 4, Cooper filed a complaint in Delaware Chancery Court to require Apollo to expeditiously close the merger. Apollo responded saying it was working to close the merger, but felt the purchase price should be adjusted. Cooper Tire is scheduled to report earnings before the open on Friday November 1.Cooper Tire closed Friday at $25.66, a gain of 4.5%.
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.