September 7, 2010 2:12 PM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Casey's General Stores Inc (NASDAQ: CASY) rejected the $38.50 a share offer by Alimentation Couche-Tard Inc (USA) (OTC: ANCUF) on Tuesday, citing a higher bid.Casey's General Stores advised shareholders to turn their back on Alimentation Couche-Tard's buyout offer, as its board looks into a higher offer. ANCUF had sweetened its bid for CASY to $38.50 a share on September 1, up 4.8% from its previous bid of $36.75 a share.The quick mart operator said it was considering a $40 a share "preliminary proposal” from a “strategic third party. The company said, "While the board firmly believes $40 per share substantially undervalues Casey's, it has authorized discussions with the third party to explore whether a transaction can be reached that reflects Casey's true value and is in the best interests of Casey's, its shareholders and other constituencies."Shares of CASY jumped 8.10% to $42.05 at 1:38 pm on Tuesday.Read more
from Benzinga's Company news.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.