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.
The Eastern Company (NASDAQ: EML) rejected a $19.23 per share cash and stock bid Wednesday from Synalloy Corporation (NASDAQ: SYNL).
Eastern said it will be "more beneficial to shareholders to continue to execute the company's current business strategy."
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Eastern closed Wednesday down more than 5 percent at $17.08.
The bid included a $6.69 per share in cash and $12.43 in shares of Synalloy common stock.
Eastern, with a market capitalization of $110 million, makes industrial hardware, security products and metal products from four U.S. operations and six foreign units.
Synalloy has a market cap of $153.5 million and makes specialty chemicals and piping systems.
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.