August 21, 2014 2:11 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.
Gogo Inc. (NASDAQ: GOGO) shares were sharply higher Thursday afternoon on a rumor that it could be bought out by Verizon Communications Inc.(NYSE: VZ).Gogo, with $1.43 billion in market capitalization, offers broadband service on more than 2,000 commercial aircraft and has estimated the market opportunity for commercial aircraft is $402 million.On Wednesday, an industry news Web site called Runway Girl Network said "Wall Street is now buzzing" that the far-larger Verizon might acquire Gogo or form a joint venture or partnership.http://www.runwaygirlnetwork.com/2014/08/20/could-verizon-and-att-compete-again-on-inflight-connectivity/AT&T Inc. (NYSE: T) in April announced the launch of launch a high-speed wireless in-flight service for airlines passengers that will compete with Gogo.AT&T's move is "doubtlessly giving food for thought" to Verizon and other major telecommunications companies. Runway Girl said.Gogo traded recently at $17.71 a share, up 5.5 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.
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