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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Pershing Square's Bill Ackman filed a preliminary proxy statement Monday with the SEC, to begin the process of seeking to call a special meeting of Allergan (NYSE: AGN) stockholders to, among other things, remove a majority of the Issuer's board of directors, request replacement directors and adopt a precatory resolution requesting the Issuer to promptly engage in good faith discussions with Valeant Pharmaceuticals (NYSE: VRX), regarding Valeant's offer to merge with Allergan, without in any way precluding discussions the Board may choose to engage in with other parties potentially offering higher value. Valeant (NYSE: VRX) had announced Friday a revised offer for Allergan of $72.00 in cash and 0.83 shares of Valeant common stock for each share of Allergan common stock outstanding, plus a Contingent Value Right for DARPin of up to $25.00 per share.Allergan acknowledged the filing by Pershing Square and urged its stockholders to refrain from taking any action, including returning any proxy card sent by co-bidders Pershing Square and Valeant, until they have reviewed the recommendation of Allergan's Board of Directors. Allergan shares gained almost 3% Monday, to close at $172.24. Valeant closed at $134.17, a gain of more than 2%.Endurance Raises Offer for Aspen to $49.50/ShareThe Offer:
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B/E Aerospace (NASDAQ: BEAV) announced Monday that it has agreed to acquire provider of aircraft interior and exterior lighting systems, EMTEQ. B/E Aerospace also announced that it has agreed to acquire manufacturer of seating products for civilian helicopters, F + E + Fischer GmbH & Co.KG. The total purchase price for both companies is approximately $470 million. The EMTEQ deal is expected to close in June, while the Fischer deal is expected to close in early Q3 of 2014.B/E Aerospace closed Monday at $96.61, a loss of $0.14.PHH Corporation to Sell its Fleet Management Services Business to Element Financial for $1.4B in CashThe Deal::
PHH Corporation (NYSE: PHH) announced Monday that it has entered into a definitive agreement to sell its Fleet Management Services business, PHH Arval, to Element Financial Corporation (OTC: ELEEF) for approximately $1.40 billion in cash. The deal, which had been rumored since January, is expected to close on or before July 31, 2014.PHH Corporation closed Monday at $25.25, and traded up 1% after hours at $25.50.
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.