June 19, 2014 6:36 PM | 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.
Targa Resources Corp. (NYSE: TRGP) soared more than 20 percent as the market was about to close Thursday on a report the company will be acquired by a limited partnership run by Kelcy Warren. The report, by Bloomberg news service, said Warren's Energy Transfer Equity LP (NYSE: ETE) would also acquire Targa's operating unit, Targa Resources Partners LP, (NYSE: NGLS) which rose 17 percent on the news. The combined deal could be valued at between $15 and $17 billion, according to Bloomberg, citing unnamed sources. An agreement could be reached next week and may involve Regency Energy Partners LP (NYSE: RGP) which is controlled by Warren, Bloomberg said.Targa Resources closed Thursday at $150.62 a share, up 20.45 percent.Tagra Resources Partners closed at $81.55 a share, up 17.74 percent.
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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