UPDATE: Reynolds Responds to Imperial Tobacco Announcement: Confirms Discussions Related to Possible Deal with Lorillard

by Benzinga Staff
July 11, 2014 7:08 AM | 24 seconds read | Make a Comment

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.

Lorillard, Inc. (NYSE: LO)today confirmed that Lorillard and Reynolds American Inc. (NYSE: RAI) ("RAI")are engaged in discussions regarding RAI's potential acquisition ofLorillard.  In connection with that transaction, RAI and Lorillard are indiscussions with Imperial Tobacco Group PLC regarding the potentialsale of certain assets and brands owned by RAI and Lorillard to Imperial. No agreement has been reached and there can be no assurances that anytransactions will result.Unless circumstances dictate otherwise, Lorillard does not intend to make anyadditional comments regarding this matter.

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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