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.
Regardless of whether Comcast Corporation (NASDAQ: CMCSA) can complete its purchase of Time Warner Cable Inc (NYSE: TWC), Comcast has room to move higher, according to Pacific Crest Securities. However, the firm does see the deal occurring despite the fact that the arbitrage spread has increased to 12 percent from 8 percent in early October.
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.
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!
Pacific Crest is optimistic about Comcast’s X-series platform, noting that it should help “reverse a decade of share loss in video,” regardless of the Time Warner outcome. For Time Warner, Pacific Crest sees a backup offer coming from Charter Communications, Inc. (NASDAQ: CHTR) if the Comcast deal did fall through.
Pacific Crest has a $65 price target on Comcast, a 15 percent premium to Friday’s closing price of $56.31.