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.
Walgreen (NYSE: WAG) shares were tanking Tuesday after a report it will acquire the remaining 55 percent of Swiss-based Alliance Boots and then remain domiciled in the United States.
Investors had seen a so-called tax inversion in the acquisition, enabling Walgreen to shift its headquarters to Switzerland or Britain for corporate tax savings.
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Walgreen has an option expiring in February to acquire the remaining stake in Boots. from U.S. private-equity giant KKR & Co. LP.
Boots operates more than 3,000 drug stores mainly in Europe and Britain.
Britain's Sky News, a unit of Twenty-First Century Fox (NYSE: FOXA) reported Tuesday that "intense U.S. political pressure" caused Walgreen to squelch the inversion plan.
Walgreen will pay $8.45 billion for the remaining Boots stake, Sky reported, citing unnamed sources.
Walgreen closed Tuesday at $69.12, down 4.15 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.