Following rumors that Yahoo! Inc (NASDAQ: YHOO) was interested in acquiring Scripps Networks Interactive, Inc. (NYSE: SNI), Variety reported Friday that no discussions had taken place between the companies.
According to Todd Spangler of Variety, “while Yahoo mulled buying Food or other Scripps properties internally, the Internet media company has not — either formally or informally — ever approach SNI about a potential deal.”
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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The rumors surfaced on Business Insider and included the suggestion that Yahoo may be interested in acquiring CNN, in addition to Scripps Networks Interactive.
Re/code’s Kara Swisher appeared on CNBC this Friday, and indicated that Yahoo does not have any interest in acquiring CNN from Time Warner Inc (NYSE: TWX).
Scripps Networks Interactive, Inc. recently traded at $76.64, up 1.82 percent.
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.