September 24, 2014 11:12 AM | 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.
Bob Evans Farms Inc. (NASDAQ: BOBE) shares jumped on a further push for a breakup Wednesday from activist shareholder Thomas E. Sandell.Sandell, who controls more than 9 percent of the restaurant chain, said a private equity firm he didn't name may acquire Bob Evans BEF foods unit. Several other investment firms are interested in a deal involving Bob Evans' real estate, Sandell said in a filing Wednesday with the Securities and Exchange Commission.Some of those firms are interested in financing a deal, Sandell said, adding that he may hold talks with Bob Evans management about the third-party proposals.In the filing, Sandell also disclosed that entities he controls boosted their stake in Bob Evans to 9.2 percent, from 8.4 percent in July.Sandell Asset Management Corp. waged a proxy battle with Bob Evans last month, winning four seats on its 12-member board.Shares in the New Albany Ohio-based restaurant chain were up nearly 4 percent in the morning session Wednesday, changing hands at $47.67.
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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