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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Smith & Nephew PLC (NYSE: SNN) announced its plans to buy ArthroCare (NASDAQ: ARTC) for $1.7 billion in cash. Smith & Nephew will pay $48.25 per share in cash to acquire ArthroCare, representing a 6.3% premium to ArthroCare's closing price on January 31. Equities Trading UP
Kratos Defense & Security Solutions (NASDAQ: KTOS) shot up 26.28 percent to $9.13 after the company reported that it has been awarded a five-year seaport-e contract.Shares of ArthroCare (NASDAQ: ARTC) got a boost, shooting up 7.07 percent to $48.59 after Smith & Nephew PLC (NYSE: SNN) announced its plans to buy ArthroCare for $1.7 billion in cash.Ryanair Holdings plc (NASDAQ: RYAAY) was also up, gaining 6.12 percent to $50.14 after the company reported FQ3 results.Equities Trading DOWN
Shares of Jos. A Bank Clothiers (NASDAQ: JOSB) were down 4.20 percent to $53.86. Jos. A. Bank is said to be in talks with Eddie Bauer to acquire the clothing chain, according to reports from several sources, including Reuters and the Wall Street Journal.Sysco (NYSE: SYY) shares tumbled 1.43 percent to $34.58 after the company
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
In commodity news, oil traded up 0.10 percent to $97.59, while gold traded up 0.55 percent to $1,246.60. Silver traded up 0.63 percent Monday to $19.24, while copper fell 0.09 percent to $3.19.Euro zone
European shares were lower today. The Spanish Ibex Index fell 0.56 percent, while Italy's FTSE MIB Index declined 1.09 percent. Meanwhile, the German DAX tumbled 0.23 percent and the French CAC 40 slipped 0.37 percent while U.K. shares fell 0.23 percent.Economics
The final reading of the Markit PMI manufacturing index came in at 53.7 in January, versus a reading of 55.00 in December. The ISM manufacturing composite index fell to 51.30 in January, versus economists' expectations for a reading of 56.00. US construction spending rose 0.10% to an annual rate $930.5 billion in December, versus economists' estimates of a 0.00% gain. The Treasury is set to auction 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.