September 30, 2014 8:38 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.
Priceline Group Inc. (NASDAQ: PCLN) acquired a 5.8 percent stake in Ctrip.com International Ltd. (NASDAQ: CTRP).Outlines of the deal were jointly announced by the companies Aug. 6.Priceline said in a regulatory filing Monday said it had no plans to acquire Ctrip and the stake, in the form of a convertible note and American Depository shares, were acquired in connection with "a long-term commercial relationship" established in 2012.http://www.sec.gov/Archives/edgar/data/1075531/000110465914068979/a14-21494_1sc13d.htmThe deal includes an agreement negotiated last month and amended Sept. 15 in which Priceline is entitled to acquire up to a 10 percent stake in Ctrip over the next 12 months.The agreement also bars Priceline from making an acquisition proposal for Ctrip without Ctrip's permission.Shanghai-based Ctrip.com provides travel-management services in China; Priceline, Norwalk, Conn., offers on-line travel services.
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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