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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Shares of The Pantry, Inc. (NASDAQ: PTRY) rose 12% after-hours Tuesday, on a Wall Street Journal report that the company is close to a deal to be acquired for as much as $1 billion, according to sources. Pantry has reportedly hired an investment bank and bids were submitted last week. Sources say a deal could be announced within days.Pantry shares closed Tuesday at $28.85, and traded as high as $34.00 after hours.Citgo Receiving Bids Valuing Co at ~$10B
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Venezuela's Citgo Petroleum Corp has received revised bids from at least four companies, including Marathon Petroleum Corp (NYSE: MPC), Valero Energy Corp (NYSE: VLO) and HollyFrontier Corp (NASDAQ: HFC), that could value Citgo at more than $10 billion, according to a report from Reuters. Sources say some of the bids were above the $10 billion level, while others were less than $7 billion.There is uncertainty as to whether the Venezuelan government will sell Citgo. Citgo declined comment on the report.Repsol to Acquire Talisman Energy for $8.00/Share In CashThe Deal:
Talisman Energy (NYSE: TLM) announced Tuesday, that it has entered into a definitive agreement, under which Repsol, S.A. (OTC: REPYY) will acquire all of the outstanding common shares of Talisman for US$8.00 per share in cash. The Talisman Board has unanimously approved the transaction; Talisman's common shareholders and preferred shareholders will vote on the transaction at a special meeting of shareholders to be held mid-February 2015.Talisman shares gained 48% Tuesday, to close at $7.58.
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.