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.
Top Headline
Shire plc (NASDAQ: SHPG) announced its plans to buy ViroPharma (NASDAQ: VPHM) for $4.2 billion.
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Equities Trading UP
ViroPharma (NASDAQ: VPHM) shot up 25.51 percent to $49.42 after the company agreed to be acquired by Shire (NASDAQ: SHPG) for $50 per share.
Grifols SA (NASDAQ: GRFS) was also up, gaining 4.94 percent to $31.44 after the company announced its plans to acquire Novartis' (NYSE: NVS) diagnostic business for $1.7 billion.
Equities Trading DOWNShares of Tata Motors (NYSE: TTM) were down 4.55 percent to $29.37 after Nomura downgraded the stock from Buy to Neutral.
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CDW (NASDAQ: CDW) shares tumbled 4.49 percent to $21.92 after the company announced the commencement of a public offering of 15,000,000 shares of its common stock by selling stockholders.
Commodities
In commodity news, oil traded up 0.68 percent to $95.24, while gold traded down 0.22 percent to $1,281.80.
Eurozone
European shares were higher today. The Spanish Ibex Index gained 0.44 percent, while Italy's FTSE MIB Index rose 0.77 percent. Meanwhile, the German DAX gained 0.42 percent and the French CAC 40 surged 0.70 percent while U.K. shares rose 0.33 percent.
On the economics calendar Monday, there is no important data due out.
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.