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.
An asset management firm boosted its stake to 5.36 percent in Alliant Techsystems Inc. (NYSE: ATK) Thursday on the cusp of Alliant's expected $5 billion merger and spin-off deal.
Alliant changed hands recently at $117.63, up 2.3 percent.
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The London Co. of Virginia, disclosed passive ownership of 1.7 million shares in Alliant, up from 170,804 shares September 30.
Alliant on February 9 is expected to merge with Orbital Sciences Corp (NYSE: ORB), while spinning off its sporting goods business to shareholders as a newly formed company called Vista Outdoor Inc.
Alliant shareholders will receive two shares of Vista for each of their Alliant shares while owning about 53.8 percent of the merged aerospace company.
Orbital's unmanned Antares rocket exploded on liftoff October 28 en route to the International Space Station, helping to delay the merger now expected next month.
Vista, with annual sales of $2.3 billion, has brands that include Savage Arms, Bushnell optics and Bolle sunglasses. About 65 percent of its revenue derives from shooting sports.
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.