April 24, 2014 9:24 AM | 1 min read |
According to a
Bloomberg report
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.
from late Wednesday afternoon,
General Electric (NYSE: GE) may be negotiating to buy Alstom SA for $13 billion or more. Alstom is a french company that builds trains and power plants.The acquisition may be announced “as early as next week,” Bloomberg said. The $13 billion figure would be a 25 percent premium from Alstom's current market cap.Alstom shares jumped 18 percent in Paris trading.Just hitting news wires, Le Figaro is reporting General Electric is only interested in Alstom's energy assets, not transportation assets.General Electric shares were initially sold in Wednesday's post-market trading to a low of $26.25, but have since recovered and are now trading up 0.6 percent to $26.58.
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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