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.
CNBC's David Faber, citing sources familiar with the story, said that Hewlett-Packard Company (NYSE: HPQ) and EMC Corporation (NYSE: EMC) are still working on due diligence over a potential deal.
The news anchor also said that sources familiar with the deal are saying that a combination of the two companies are “unlikely, but still possible.”
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Faber's comments come hours after activist investor Elliott Management released a letter to EMC's board of directors urging the company to explore strategic options.
Related Link: Elliott Management Further Details Its Position On EMC Corporation, VMware, Inc. In New Letter
On September 21, The Wall Street Journal reported that EMC was engaged in talks with rivals, including Hewlett-Packard, over a merger deal. The two companies held talks for around a year, but financial terms and shareholder concern prevented a deal from finalizing.
EMC has previously hired bankers at JP Morgan to explore its strategic options.
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.