September 13, 2010 3:03 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.
Dollar Thrifty Automotive Group (NYSE: DTG) surged more than 5% after Hertz Global Holdings (NYSE: HTZ) won the bidding war for the holding company for Thrifty Car Rental and Dollar Rent a Car.HTZ had sweetened its buyout offer to $50 per share, or approximately $1.4 billion, beating a rival bid from Avis Budget Group (NYSE: CAR).HTZ's CEO Mark Frissora and DTG's Chairman Thomas Capo said in a joint statement, “We are pleased to reach an agreement that reflects the significant improvement in Dollar Thrifty's operating performance since the initial merger agreement was executed on April 25, 2010.”In July, CAR had submitted an offer of $1.3 billion for the rental firm, igniting the bidding war.Shares of DTG jumped 5.29% to $50.55 at 2:39 pm, while those of HTZ surged 6.37% to $10.69.Read more
from Benzinga's Company news.
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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