General Mills Buying Annie's for 46 Dollars in Cash

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.

General Mills (NYSE: GIS) announced a deal after the close yesterday to acquire organic and natural food maker Annie's (NASDAQ: BNNY) for $46 per share in cash. The news sent shares of BNNY up nearly 38 percent so far today, trading at 48.18.Shares of Hain Celestial (NASDAQ: HAIN) are trading higher as well, up 2.90 percent at 100.60, likely in sympathy with BNNY. Amira Nature Foods (NTB:ANFI) were trading 3 percent higher at the best levels of the day, although they have pulled back since to up.42 percent at 19.03.

27% profit every 20 days?

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