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.
- Agreement to operate approximately 1,800 high-transacting ATMs located in Co-op Food stores across the United Kingdom starting in early 2016
- Rights to install ATMs at new Co-op Food locations and stores that currently do not have ATMs
- Acquisition of Co-op Group subsidiary, Sunwin Services Group, which provides secure cash transportation, ATM maintenance services and other security services
- Total phased consideration of approximately £35 million
HOUSTON, Sept. 2, 2014 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq: CATM) today announced that its U.K.-based business is entering into a seven-year, exclusive agreement to operate approximately 1,800 ATMs located in Co-operative Food ("Co-op Food") stores across the U.K. Cardtronics will take on the operation of the ATMs no later than January 2016, upon expiration of the existing ATM contract. In addition, beginning immediately, Cardtronics will have the right to install and operate ATMs in hundreds of Co-op Food locations that do not currently have an ATM, as well as in any new Co-op Food Store.
Cardtronics will also acquire ownership of Sunwin Services Group ("SSG"), a subsidiary of the Co-operative Group. SSG's primary business is providing secure cash logistics and ATM maintenance to the Co-op Food ATM estate. SSG also provides these services and manned guarding services to other Co-op Group entities, as well as external customers, such as Cardtronics, which has been a customer of SSG for secure cash logistics services for a number of years. Combining SSG with Cardtronics' existing internal secure cash logistics and ATM maintenance capabilities will strengthen Cardtronics' integrated ATM services model and bring more complete geographic coverage in the U.K.
Co-op Food is a division of the Co-op Group, and is one of the largest grocery retailers in the U.K. with a food store in every U.K. postal area. Co-op Food's selection of Cardtronics as its ATM provider is a significant deal for Cardtronics in continuing its expansion in the important U.K. food retailing sector.
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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