November 13, 2013 4:46 PM | 1 min 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.
Shares of Riverbed Technology (NASDAQ: RVBD) surged more than $1.50 just a few minutes ahead of the closing bell Wednesday following a Bloomberg report suggesting the company has hired Goldman Sachs in order to consider a possible sale. The stock closed up more than 8 percent.Bloomberg's source said Riverbed is garnering informal attention from a number of PE firms about a possible leveraged buyout. Further details on the chatter are sparse. Riverbed shares rallied more than 16 percent on Friday of last week on the heels of a 13D filing from Elliott Associates which showed a 10.4 percent stake in the company. With the stock trading around $19.10 in Wednesday's post-market session, shares of Riverbed have surged more than 25 percent over just the last four trading sessions.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.