June 12, 2014 8:43 AM | 1 min read |
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.
Before the market open on Thursday, CONSOL Energy Inc. (NYSE: CNX) and Noble Energy, Inc. (NYSE: NBL) announced that they intend to merge to form a master limited partnership (MLP). The purpose for the merge is to "provide mainstream gathering services for production from their jointly owned acreage in the Marcellus Shale".Additionally, a S-1 form has been confidentially filed with the SEC for an initial public offering (IPO) of common units of the MLP which is expected to be completed either late in the third or early in the fourth quarter of 2014. Following the IPO, CONSOL and Noble would own a majority of the limited partner interests and incentive distribution rights.As of now, the IPO is still subject to approval of Noble Energy's board as well as a variety of market and other conditions.Following the announcement, shares of CONSOL are trading up as much as 2 percent in the pre-market.
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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