June 25, 2014 10:12 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.
Sequential Brands Group (NASDAQ: SQBG) shares surged 15.78% to reach a new 52-week high of $13.50 after the company announced its plans to buy Galaxy Brand Holdings for about $260.3 million.Medical Action Industries (NASDAQ: MDCI) gained 93.78% to reach a new 52-week high of $13.70 after Owens & Minor (NYSE: OMI) announced its plans to buy Medical Action Industries for $13.80 per share in cash.Hanesbrands (NYSE: HBI) shares touched a new 52-week high of $96.83 after the company announced its plans to buy France's DBApparel.Monsanto Company (NYSE: MON) shares touched a new 52-week high of $127.47 after the company reported upbeat fiscal third-quarter profit and lifted its full-year forecast. The company also announced a $10 billion share buyback program.
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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