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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Elliott Management today reiterated that its $21.00 per share cash offer for Riverbed Technology (NASDAQ: RVBD) announced on February 25 still stands. That offer had been rejected by Riverbed's Board of Directors three days later. Elliott noted that the stock's share price on Tuesday was below their previous offer of $19.00 per share. A spokesperson for Riverbed, reiterated the company's statement of February 28, whereby they rejected the $21.00 offer, saying it "undervalues the company and is not in the best interests of shareholders."Riverbed Technology closed Tuesday at $18.69, a loss of $0.17. Report ConMed Exploring SaleThe Rumor:
Shares of ConMed (NASDAQ: CNMD) moved sharply higher Tuesday on a report from Reuters (http://www.reuters.com/article/2014/04/15/us-conmed-sale-idUSBREA3E1R120140415) that the maker of surgical devices is exploring a sale, according to sources. The company's advisors, Bank of America Merrill Lynch and Greenhill & Co have reportedly been asked to offer ConMed to larger orthopedic device makers.In November 2013, Reuters
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Twitter (NYSE: TWTR) announced Tuesday (https://blog.twitter.com/2014/twitter-welcomes-gnip-to-the-flock) that they have agreed to acquire social data company Gnip (http://blog.gnip.com/) for an undisclosed price. Gnip has been a long-time Twitter data partner. Shares of Twitter surged higher, following the announcement and closed at $45.52 on Tuesday, a gain of more than 11%.b>Report Ann Aiming for Leveraged BuyoutThe Rumor:
Shares of Ann Taylor parent, Ann, Inc (NYSE: ANN) spiked higher Tuesday, following a report from TheDeal (http://www.thedeal.com/content/consumer-retail/private-equity-and-retailers-court-each-other.php) that investor Golden Gate Capital, which currently owns a 9.5% stake, could be a potential buyer. According to sources, Ann is working with a financial advisor to assist on a potential deal.Ann closed at $40.10 on Tuesday, a gain of 3.5%.Bazaarvoice Acquires FeedMagnet for $9MThe Deal:
Bazaarvoice (NASDAQ: BV) announced Tuesday that it has acquired social media curation company FeedMagnet for $9 million in cash. FeedMagnet's technology helps brands curate and display content from social networks including Facebook, Twitter, Instagram, Pinterest and YouTube. Bazaarvoice closed Tuesday at $7.08, a loss of $0.06.
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.