June 30, 2014 10:15 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.
Dollar General Corp. (NYSE: DG) opened sharply lower Monday while analysts suggested a quick merger is unlikely.Dollar General said Friday that Chief Executive Rick Dreiling's will retire by May 2015, and Wall Street figures that means nothing will happen soon regarding a much hyped merger with Family Dollar Stores Inc. (NYSE: FDO)."The probability of a deal is much lower today,” Sterne Agee's Charles Grom reportedly said, adding that it would be a "strategic mistake" to replace Dreiling immediately before a major acquisition.Brian Yarbrough of Edward Jones concurs, saying "they're not going to do a massive deal" at this point.Activist investor Carl Icahn acquired a 9.4 percent stake in Dollar General earlier this month, demanding an immediate sale and threatening a proxy battle.After closing Friday at $61.72, Dollar General was trading recently at $56.56 off 1.1 percent.Family Dollar slipped nearly 2.7 percent Monday morning, trading at $65.05 early in the session.
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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