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.
Lumos Networks Corp (NASDAQ: LMOS) shares spiked Thursday on a report the company is exploring a possible sale.
The fiber provider has seen flat sales and weak profits in recent quarters, while its share price is down more than 20 percent year-to-date.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
But its shares jumped 11 percent Thursday to $16.66, after unnamed sources cited by Bloomberg said the the company has hired Wells Fargo to help with a potential sale of the company.
Lumos last week named Johan Broekhuysen chief financial officer. The 43-year-old Broekhuysen had served as interim CFO since Harold L. Covert resigned in March.
Lumos, with a market capitalization of about $365 million could be valued at $1 billion including debt, according to sources cited by Bloomberg.
The report said regional phone companies, as well as some private equity firms might be interested in acquiring Lumos.
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.